We often hear it said that this is the country of high salaries. It is, The following facts bearing up-lon the point will be interesting.
A few years ago the United [States Corporation published some figures based on the year 1918, which was one of the most proserous in industry, and found that exclusive of the officials of the Jeompany, who receive large salaries, the average pay of everyone employ-Jed in the organization was $5.33 per day. Then they took another set of figures in which was included the salaries of the officials, as well Jas the workers. Everyone was injeluded from th€ office boy to the lehairman of the board. This total averaged all over the workers the company, and it was found {that when all the high salaries were divided among the remainder of the Jorganization, the increase in each man's wages was just five cents per day. The Ameri-jean Telegraph and Telephone Company made a somewhat different calculation. They _assum-led, for the sake of the example, nobody in the organization re-cived a salary of more than $5,000 per annum. All the money being paid as salaries over and above this amount was divided among the number receiving less than $5,000. The result was.an increase in the income of the mass of yorkers of 17. cents per week, or $9a year.
The example was continued. The salaries of everybody were cut
Text read from the printed page and cleaned; old type leaves the occasional error.