ABSTRACT
The only way to increase wages—because that is the first step to advancement—is by increasing production. The only way to increase production is by employing more machinery. Every opportunity for advancing wages—and the prosperity of a country depends as much upon high wages as upon any other element that can make a country prosperous—must be taken advantage of. But this means more machinery, and it has to mean, also, cheaper production. The great part of cost of production is interest, depreciation, repairs and renewals, and the cost of the central power station for running the machinery. Labour working six hours a day, as has been proved over and over again, can produce in six hours the maximum it is capable of in monotonous occupations. And Labour can honestly claim the right when spending wages to get the best value obtainable, and when seeking employment to get the highest wages for producing articles bought at lowest prices.
