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• date: 12/18/2014 4:26:43 AM
• originalFile: 883-the-warner-swasey-company-1965-papers.pdf
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  THE PRICE LEVEL 
  '47=IOO AND EMPLOYEE COSTS PER UNIT OF OUTPUT 
  160~nn~~~~~~~nn~~~nT~~~~~ 
  130 
  100 
  '10 ' 20 ' 30 '40 ·5o '60 ' 70 
  "There is no free lunch" 
  Y
  o u may think your union leaders can get you something for 
  nothing, but they can't. The chart proves it. The more the wage 
  cost of a product, the more the price of that product has to be. 
  But workers can get more wages without paying it all back 10 
  higher cost of living . . . prodttce as efficiently as possible and so...

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883-The Warner & Swasey Company 1965 Papers.pdf