You read of the luscious salaries being paid back home....
Now is the time to reap the harvest.
Are you being cheated? Let's see.
Recently 50,000 rubber workers at Akron went out on strike in direct defiance of an order of the War Labor Board and against the commands of their own union leaders.
Why? Wages are high - yes. But so is the cost of living.
Of the three main expenses - Food, Rent, Clothing - only rent has been stabilized. The cost of clothing has advanced and food prices have risen astronomically. That is because the commodities are so scarce. Food is being rationed and there is the constant danger that clothing may have to be. And there are more taxes, higher taxes, union dies, compulsory purchase of War Bonds, deductions for the manifold phases of Social Security. Most of those at home are supporting families.
And on the prevailing wage in some industries, men are having a desperate time making ends meet even though they are working more days and longer hours than ever before. And they are not spending money for luxuries, for creature comforts, vacation jaunts, for cars, gas and tired. You have seen the crude accommodations of the War Housing units in which thousands of them live. And they are frozen to their jobs.
A man who previously worked five days a week and got $8 a day paid $5 for a hat. Now he works six days and gets $16 a day and pays $13 for the same hat - if he can get it.
How are you doing?
The last war? Plenty of money for those at home. And how we splurged on silk shirts, hand tailored suits, money to throw away on jewelry, parties, pleasures. 1918 and Armistice.
The war boom petered out. In factory after factory the wheels turned slower...slower...then stopped.
The adjustment period. No work. No employment for men mustered out of the service. Where were all the good things they hand fought for? America could not be exhausted. She was fabulously rich.
We endured hardships so we want comforts. We dominated the world, let us live like kings. We are rich, we've got to be rich.
1923-1929. Prosperity unequaled in the history of the world. Stocks, billions of dollars of profit...on paper.
Bootleggers, parties, automobiles, more silk shirts, net suits, radios, refrigerators, real estate, furniture, diamond rings, boats, shoes, and hats.
1929 - CRASH
Brother can you spare a dime? Ex-servicemen selling apples on street corners. Fifteen million men walking the streets… camped out..."Hoovervilles." "It can't happen here." No use SAVING. Let the MONEY work... invest... You play.
Can it happen again?
People are making more money than they ever did before. Spending it faster than they ever did before.
Where is the money coming from? Prosperity?
No.... It is coming from WAR. From the business of death. From things made to kill people...so they won't kill us. It is not a normal, stable, prosperous, peace-time economy. The factory wheels will again slow down and stop. Men will walk out of factories and hear the gates close behind them to remain CLOSED.
Some will eventually open again. Some men will return to work...slowly...a few at a time.
How about the rest? How about those mustered out of the service?
How about keeping up the obligations... like families that you are assuming now?
There is only one reliable insurance. SAVE NOW.
Money freely spent now would support you later.
The Government urges you to save. It is taking steps to FORCE you to save in order to avert NATIONAL AND PERSONAL DISASTER.
Invest your money in WAR BONDS... open a savings account and incidentally you will be helping to shorten and win the war.
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