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Your future is still before you. Your land is a vast storehouse of mineral and agricultural wealth awaiting further development for the benefit of mankind. It potentialities are magnificent. ”
The thing that contributes to anyone's reaching the goal he wants is simple wanting that goal badly enough. ”
Many people do not realize that where unions have bargaining rights employers cannot raise wages or improve benefit plans any more than they can reduce them without of the consent of the union. ”
Furthermore, there is no good ethical or economic reason for asking workmen and current producers to forego all economic gain in order to increase the purchasing power of all the wealth accumulated in past years. ”
For more than 150 years free men in our countries have had the opportunities to educate themselves, choose their own religions, select their own occupations, accumulate capital and invent better ways of doing things. ”
Our recent 5-year labour agreements, in Canada as well as the United States, are based upon experience, logic and principle rather than on pressure, propaganda and force. ”
In my fifty years of experience and memory, I have seen the most amazing increase in the standard of living of a people ever achieved anywhere in the world. This is why I am so sure that our system of free competition and industrial development is sound and must be preserved. ”
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. ”
No one should be so naive as to think that wages among organized groups will not be increased, under pressure if necessary, to make up for increases in the cost-of-living, nor should anyone ordinarily object to such adjustments. ”
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. ”