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Show MISTAKE WAGES FCR PROFITS Grave Error That Is Made by Most People Who Are Working for a Salary. When our wage-earners and salaried people begin to learn that savings are profits and that the process of accumulating accumu-lating savings is substantially the same as getting profits out of a business, we shall be on the way to becoming a thrifty people. But very few wage and salary earners earn-ers know this. Tneir mental process, to the very limited extent that their minds enter Into the matter at all, is to regard the pay check as profits, which is, of course, a very fundamental mistake. In the business of wage-earning the pay check is no more profits than is the cash that comes over the counter of a store or through the receiving teller's window at a bank. A wage-earner's pay check is the gross receipts, and his profits, If there be any, are found by deducting from these gross receipts whatever it costs to keep the wage-earner going. In business It is well understood that there are just two ways to Increaso profits : either more money must come In over the counter, or else less must be paid out in keeping up the business. So with the wage-earner. If he falls to save he must fit himself for a better Job or else lower his standard of living; liv-ing; there Is no other way. Carl Marshall Mar-shall In the Thrift Magazine. |
