Costs of manufactured articles importantly depend on the cost of raw materials as well as labour.
From Charles E. Wilson
Furthermore, the spirit of enterprise which had its first intellectual development in England has especially flourished here as well as throughout all of Canada, while the same spirit has become less virile in the land of its origin.
Our expanding Canadian operations are concrete evidence of General Motors confidence in Canada.
There may be some backward countries where the mass of the people are on a subsistence level and where, as an aftermath of wars or partial crop failures, the standard of living has to be drastically reduced, but this certainly is not the case in our prosperous nations.
A study of the history of wages back through the years indicates clearly that when the cost-of-living rises appreciably wages have shortly been adjusted upward also.
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