SOME CONCLUSIVE COMPARISONS 187 



As to him this may be said: on the one hand he 

 is doing more work than he did prior to the late 

 fall of 1932: measured in time, one-quarter to one- 

 third. But up to the fall of 1932 he had taken no 

 salary cut, and he has not yet: he is still enjoying 

 the wage scale of the New Era. Compared to the 

 people who work in my factory, and I suspect in 

 a lot of other factories, his position is greatly im- 

 proved on that score alone. When on top of that 

 we put his share of income-in-kind deriving from 

 the farm, we find that his real wages "unad- 

 justed" show an increase of twenty-five to thirty 

 per cent over 1932. 



Let us return to my statement that potentially 

 the farm is better off than the records show, and 

 amplify it a bit. Consider the matter of milk sup- 

 ply versus stock feed, for example. In raising 

 enough cows to insure a steady flow of milk into 

 the house we have relatively to feed more; in con- 

 sequence, growth of the herd has kept ahead of 

 home feed production. It is only in the last year 

 1937 that we have had any income from the sale 

 of excess livestock. From now on, this will afford 

 a steady source of cash income. At the same time 

 the improved fertility of the farm from the accu- 

 mulated manure will give us a chance to catch up 

 on stockfeed production; the actual cost of main- 

 taining our own milk supply will turn down. 



The same thing is true in the poultry depart- 



