Protected by a Republican tariff. our home market is the best in the world. This has been made possible by the highest wage level in the world. And this American wage level has come about by a growing cooperation and understanding between employer and employee in American industry. protected by a Republican tariff from cheap goods produced by underpaid labor in foreign countries. and by shutting out the smothering flood of immigration which at one time threatened to put two men competing for every American job. Since buying power among the masses of men Is the final test of economic soundness and the essential condition of modern social progress. and since this buying power among the masses of men is mainly a matter of wage levels. it follows that. beginning with the tariff of 1930. all tariff legislation will eventually resolve itself Into an attempt to equalize world wage levels with American wage levels. We need not fear countries like Canada with approximately American wage levels.
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immigration