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AND PILSNER
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by the
CARLSBERG BREWERIES
TLEXPORT
COPENHAGEN
WILS
CARLSBERG
Obtainable at all
Leading Stores.
John. Manners & Co., Ltd.
Distributors
MERCANTILE BANK BUILDING.
THE HONGKONG ‹ TELEGRAPH. SATURDAY, NOVEMBER 15,
MINIMUM WAGE FOR DAY'S WORK.
FORD'S ECONOMIC IDEAS IN A BOOK,
Ifenry Ford blames the present industrial depression on business men who watched the stock market instead of their business, and helloves the cure lies in quantity production and Intensive market-
·ling of high-class, goods..
by
He
The automobile wizard outlines his opinion In a book, *Morisk Forward." published recently ¡Doubleday, Doran and Co.
predlets that in 1950 the American working man will get a minimum wage of $27 a day, advocates high wages us one of the fundamental laws of business, and says genuine joverproduction has never existed. į
In regard to wages, however.
while Mr. Ford belleves that min has a right to work, his right to a job depends on his ability to render valuable service. He any belief that a company owes liv- 1 Ing to those who work for it is Based on "our traditional bon- jeeption of master and servant,
"Indeed, many worthy people cannot comprehend any other re- Intion, and during those perils: when the men who should be lead- j ing business fail to lend, and co- sequently work is slack, the cry Give men job arines," says Mr. Ford. "Everyone would recognize the absurdity of employers parad- ing bearing signs five us ordern." There Is essentially no difference i between the actual position of the Jemployer and the employna."
The tank written in collabora U with Samuel Crowther, says the fundamentals of business are: ! first, to make More and betler |
xis cheaply na possible and forme thein on the market; second, to strive always for higher quality and lower prices and easts; third, to raise wages gradually and enn- Finuously and never to cut them; and, fourth, to get the goods to The consumer economically so die inny beefit by low-enst produe
| The Parrying 1st of there
mailern business laws requires vch more leadership than did the old production, Mr. Ford says.
F
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He believes that was why Interest and in methods of manufacture, and then will stop buying al- in the 1929 stock market brought which in turn causes a stoppage together and may even fall into a
in the increasing values of the panic about what it has bought. disaster:
Ipurchasing maney. There is "No one has yet been born who manage both to manipulate The true occasion for alarm bound to come a time when things en was deeply hiu,“
mach the market for its stock and also the BAYN. "It Jare offered for sale at so feanyisted in the complete stoppage more than they are worth that the do business in such a way that it of improvement in quality of goods publie will hesitate to buy them, will be profitable. The two do not
world. But it in not enough WhEN- and cannot mix.
"The immediate cure for deply in munafacture gooda. There pression, and by depression is no service in simply, setting up mean a period when men are out a machine or a plant and letting it of work and ant able to improve turn out goods. The servien 01: their standards of living, is told tends into every detall of the dy one world-hunŋbiby quanti-sign, the making, the wages pali, in ties of goods pushed out into the and the selling price."
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