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Editorial May 16, 1922

The Daily Star Mirror

Moscow, Latah County, Idaho

What is this article about?

The editorial argues that post-war economic recovery requires balancing high wages and manufactured goods prices with declining farm product prices, which are hurting farmers and preventing general prosperity.

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OCR Quality

98% Excellent

Full Text

As the country progresses on its way toward normalcy it becomes more and more evident that work and economy are the two things which will land us safely. Thousands of men are idle because they think, or want to think, that conditions are just as they were two years ago-that they should have high wages and short hours.

Also, manufacturers and jobbers are trying to hold the price of their wares up as near the war figures as possible.

On the other hand, the products of the farm have dropped back to the pre-war figure, and in some cases below, putting the farmer and the people who do business directly with the farmer, out of the market, to a great extent, so far as luxuries are concerned and, of course, effecting materially the conditions in the agricultural community. As long as this condition maintains there can be no general prosperity. A part of the people cannot receive twice what they earn and another body of citizens receive less than their product costs to produce, and either prosper. Wages and prices of manufactured articles must get to somewhere near level with the price of the farm products before industrial and commercial peace and prosperity will exist.

What sub-type of article is it?

Economic Policy Agriculture Labor

What keywords are associated?

Post War Economy Farm Prices High Wages Manufactured Goods General Prosperity Agricultural Community

What entities or persons were involved?

Farmers Manufacturers Jobbers Idle Men

Editorial Details

Primary Topic

Balancing Post War Wages, Prices, And Farm Products For Prosperity

Stance / Tone

Advocating Economic Adjustment For General Prosperity

Key Figures

Farmers Manufacturers Jobbers Idle Men

Key Arguments

Thousands Of Men Are Idle Expecting High Wages And Short Hours As During The War. Manufacturers Hold Prices Near War Levels. Farm Products Have Dropped To Pre War Or Below, Hurting Farmers And Agricultural Community. Imbalance Prevents General Prosperity. Wages And Manufactured Prices Must Align With Farm Product Prices For Industrial And Commercial Peace.

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