On the record
If the industry involved is a basic one, it reduces the necessary economic surplus and, increasing the cost of living, it injures the economic welfare and general comfort of the whole people.
Source
gutenberg.orgCalvin Coolidge: “If the industry involved is a basic one, it reduces the necessary economic surplus and, increasing the cost of living…”
Editor's note · Context
Coolidge warns that strikes in essential industries can harm the economy and living standards for everyone.
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