Indianapolis Times, Volume 34, Number 9, Indianapolis, Marion County, 23 May 1921 — Page 5

Labor Has Its Price The wage-earner has a PRICE just as well as the MANUFACTURER) The wage paid to the wage-earner is the PRICE of his TOIL. His wage is definitely a PRICE--just as much as SIOO is the PRICE of a talking machine. What you have to SELL, as it leaves your hands—carries a PRICE —YOUR price.

How It Works Out Labor is a PRODUCT and carries its PRICE. The price of labor likewise enters into the price of practically EVERYTHING ELSE we buy. ♦ From first to last it, as it builds up through successive stages, becomes one of the LARGE FACTORS in determining the FINAL price of any FINISHED .ARTICLE of merchandise. Raw material —plus labor —make the FINISHED product! When we think of PRICES, in most cases we think of MERCHANDISE. When we talk of HIGH prices, we think of MERCHANDISE. And when we talk of .ADJUSTING PRICES to new levels, we think of the price of MERCHANDISE. But, since LABOR DOES constitute so large and important a PART of the PRICE of a* - specified article, we must begin to think in te of LABOR when we consider PRICES.

Prices Went Up Together and Are Coming Down Together

INDIANA DAILY TIMES, MONDAY, MAY 23, 1921.

Labor Went Up What affects the price of a FINISHED PRODUCT, affects at once the price of the LABOR that entered INTO it. When man/ articles, much needed during the war, rose vastly in price—LAßOß was at once AFFECTED. The price of LABOR went up, TOO! And now, that the conditions which created these high prices have PASSED, they are coming back down to a sane level, of their own WEIGHT. And since LABOR is a PART of these prices, it is SHARING in the ADJUSTMENT to anew LEVEL. I It cannot stay up ALONE, Conditions Have Changed Except under such.extraordinary conditions as existed during the war, price inequalities that DID exist could NOT exist. The war has PASSED—and the INEQUALITIES are PASSING.

How Your Prosperity Is Being Assured —No. 4

And it is BETTER for EVERYBODY. To bring the lower prices UP to the war-time prices would be to ADD to the COST of living for EVERYONE. NO ONE wants THIS! To bring the high prices back in line with a level of OTHER prices, works a hardship on NO ONE—and produces a sound, healthy, STABLE condition. Costs Are Lower Now If a lower wage still BUYS as MUCH —or MORE—why should it not be welcomed! And that’s what it \V ILL buy—what it already DOES buy. The statistics of the U. S. Department of Labor show a steady and continuous DECLINE in the cost of living—beginning last summer—and STULL in progress. Food is LOWER—* clothes are LOWER! ALL prices are READJUSTING themselves to anew, lower, safer and more STABLE LEVEL. And when EVERYBODY’S price has been established at THAT level, as it will be, all prices will bear the proper RELATIONSHIP, one to the other, and the Road to Prosperity will be clear!