TRUMAN SPEAKS ON WAGES AND LABOUR - SOUND

The transcript discusses the financial challenges faced by war workers due to wage cuts and emphasizes the necessity of wage increases to maintain purchasing power and national income. It highlights the responsibility of industries to adjust wages within the existing price structure and stresses the importance of reasonable wage demands to ensure fair profits and stimulate production. The text concludes with a call for fairness in economic practices, warning against greed and unfair dealings, and asserting that neither the public nor the government will tolerate such behavior.

What is the primary reason for advocating wage increases for war workers?

• To reduce government spending

• To cushion the shock of income loss

• To increase taxes

• To decrease national income

Why is it important for wage demands to be reasonable according to the second section?

• To ensure industries can still make reasonable profits

• To decrease the national income

• To increase the cost of living

• To reduce the number of jobs

What could excessive wage demands lead to?

• Reasonable profits for industries

• Increased production

• Denial of reasonable profits to industries

• Lower purchasing power

What is the stance of the government and people on unfair economic practices?

• They will ignore it

• They will encourage it

• They will not stand for it

• They will support it

What is emphasized as crucial in economic dealings in the final section?

• Greed and self-interest

• Fairness and responsibility

• Unfair dealing

• Ignoring the cost to others