OCR Text |
Show WHERE DOES IT LEAD TO? i Socialists and welfare workers who are urging state insurance against unempolyment, accident, health and Industrial hazards are not finding ;much encouragement in results of .'similar socialistic laws in Germany , and England. ' Prices of German products are so high that the country cannot sell abroad. It is stated this has resulted largely from social welfare laws ; which forced employers and workers 'to pay $631,000,000 to 1925 for al-' al-' leged welfare benefits, while entire exports for that year were only $1,681,000,000.' - Most of the cost of these "welfare benefits" gots to pay salaries of officials of-ficials and other red-tape expenses connected with all government undertakings. under-takings. A German clerk earning $30 a month must spend three per cent of his salary for national insurance, his employer being required to pay the : same amount for him, while they : share in addition three per cent for ' unemployment and accident insurance and four per cent on compensation insurance. This means that the worker pays $5.50 a month out of a salary of $30, in addition to his income tax, and after paying these charges to the government he can look forward to receiving a pension of from $6.25 to $7.50 a month after he has reached the age of 65. |