With the laborer's silk shirts and automobiles, and the stenographers' fur coats and silk stockings, business men as well as moralists have been duly impressed in recent years. Unlike most moralists, however, business men have been pleased at these signs of the time, taking them as indications of a constantly rising standard of living and an expanding domestic market for merchandise.
The National Bureau of Economic Research, after profound and lengthy researches, has recently presented statistics which go to show what everyone knew already—that average incomes in this country were apparently...
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