OCR Text |
Show WHAT OP TOMORROW? Today American products, exorbitant exorbi-tant in price, are in great demand in Europe. This is so because Europe, devastated by war, cannot make these articles themselves fast enough to supply the immedate demand. But in time Europe will be making sufficient for home consumption and will have an additional output for export. In America wages are abnormally high, as are also the raw materials. The cost of manufacture is therefore "in the sky." In Europe labor is cheaper and articles can be marketed at a cost below that for which we can produce them. In time, when Europe has recovered, recover-ed, America will be required to complete com-plete with these countries for world trade America with its high cost of manufacture against Europe with its low cost. That is the condition which the present insane price inflation will bring about. ' The misfortune of others has made us fortunate today has enriched us beyond the dreams of avarice. Hut tomorrow it may be the re verse. It is worth our serious consideration, considera-tion, when we hear people talk of prices going even still higher. Even Shylock meets his Waterloo sooner or later. |