Show living scale Is lower since war economics economic of country dominated by its effects new Y fork the he scale eft living lot for I 1 the ilia american people as a whole la 16 lower than below before the war according I 1 to dr ft a ingalla new dark mining eagin engineer or and economist who has just completed A survey of 0 the economic prospect fur for 1624 1014 for the american inert institute t at of if mining and ad metallurgical kunfi engineers a doctor ingalls a member of the in bu reau man of economic cau ressa fth thinks that the immediate outlook for busin business s re garding gading things needed tor for direct use la is good but eliat it 1 IB not BO a good for things that the up building of mines to railways loy factor factories etc ac require 1 1 l I still ase flee the economics of this eo country net ry A BB well as 6 of the rest of the world dominated b bv the consena consequences ald wt f the war and I 1 think that it will be many years before we are clear of them he toys nays in the meanwhile there will till be ups upa and downs in bust ness underlying ev even thing Is IB the de Str action of the war r which brought A arl autria rl germ germany ory and ad russia rusel to rum 1 and ad impo hed other countries not fiat even een the united states escaped loss yet tet in europe and america alike allete there dm developed eloped a mental menial unbalance in th the thoughts of men that in borne way fh the war hafl had produced conditions whereby me men could enjoy an ImPO improved eved scale of ih ang without being ca con strained to work so BO hard as formerly there developed other conditions which have a put ser brion lOTia obstacles I 1 in the way V of the international MAW division of lab labor these adverse developments ill ama I 1 to aar adr d way may be I 1 as a the internal vomit unbalance bleace former farmer hard hit HIL in the gritter gritted states a ti consequence ad of th the war Is was the Ul upsetting oetting of the old economic mal albrium in our domestic system stem this produced what I 1 call the primary va un balance ha lence between property and man a gement on the one h hand and I labor b on bu the other and the dary I 1 once ance am among g 0 classes of f labor at some same of them hem have benefited greatly while others haw have suffered ered acutely there a are tertiary and ad q ternary unbalance imbalances among the divisions and groups group of class classes of labor the sea economic t discomfort of the armer fl Is in part to the late international unbalance and to in part to the domestic primary unbalance the farmers being I 1 owners ners a of prop property orly who have bar suffered at the h hands an do of to ton a la IS bor bar similarly imil arly Is the unhappy position of th the S white whitt collar classes of labor at to the secondary ba unbalance ce among workers therm sel 1 I do not at think that the american america people a is a W whole hole are enjoying so good a scale cuts of 1 living ilg as p prewar war although 1 borne I class classes hole hae improved their status a as a MOIN consequence 1111 of at the kodad me A fUnds fundamental reason for far this opinion plate 1 la that w ore a not producing sua enough ligh old which is ie lobile lr bIle in pa part I 1 to the increased alil of if labor to service ari and Is in part to the slackening in hours and efficiency per hour bour by those who are working as direct producers 77 although though engineering and manage ment mem haw have doose done something to offset th athla it has not been possible for them t to develop a complete compensation within eo an short a time the effects of these theae fundamental m conditions nd I 1 9 are bound to be slow alow we we m may by go through 19 1924 4 with iab the general fe feeling as that all 11 la 19 wll and indeed 11 th things ties may superficially look so we of may even tr fr to make some same sort soft of a forecast from these fundamental M con dlton all W 11 become became clear general in a general way we may expect pact a continuance 1 in away act ct lifty fly in ma the production if of consumers goods good and ad in those branches Boches br that pertain wpc espe lilly to capital goods there wll will he be upswings a and downswings done ovines gac as prod producers produce oft ra misread the big signs and overproduce acme a things with the result of accumulation of wb abere of orderly digestion must then be awaited ted th the setback 1 in basam Duat ac 8 ek in ID the letter half of 1923 to is ex alah ble 1 la that III way la in KU 12 kinds or r production we hall for a long time experience the effects of the excessive provision of producing capacity that happened during the war the desire to make inake use of surplus men capacity ca fly will caO contract tract narrina lna of profits profit and will Is be a Iou constant stant in linen on five tott urd overproduction of borne kinds of go goods godo do labor with a no en an deat anding of real conditions mil b be haw have more mom and mope mom in strangling wava even now we foresee a great strike of bituminous mal coal miners diners lext april to those nho h wilt sill weigh these words word much hot flint P paradoxical will become clear retail traders are doing dales large bu biness and we are tic ill the manufacturers of many kind of machinery on the contrary find things slow blow and in their entime meni nt range from doubtful lit 10 pessimistic the one me has haa to an do co with consumers tondu mera goods good the other wit with capital goods A any forecast should of course take into account the imminence of german gerans collapse and it should allow law for far surprised Ur elsewhere american eco fm are not net independent of those thoo of the rest of the world let anybody draw what deductions from the these opinions plot that he be will my own deduction is IB that real well being awaits the Fer saval of a good many economic restrictions with which elf we wh save how ennies sameal lied led an ca and the res to ration of the old economic edul |