THE COST OF LIVING

Too Long; Didn't Read

A comparison of the civilization of the present with that of a century ago reveals a startling difference in the standards of living. To-day mankind enjoys conveniences and luxuries that were undreamed of by the past generations. For example, a certain town in Iowa, a score of years ago, was appraised for a bond-issue and it was necessary to extend its limits considerably in order to include a valuation of one half million dollars required by the underwriters. On a summer's evening at the present time a thousand "pleasure" automobiles may be found parked along its streets and these exceed in valuation that of the entire town only twenty years ago and equal it to-day. There are economists who would argue that the automobile has paid for itself by its usefulness, but the fact still exists that a great amount of labor has been diverted from producing food, clothing, and fuel to the production of "pleasure" automobiles. And this is the case with many other conveniences and luxuries. It is admitted that mankind deserves these refinements of modern civilization, but he must expect the cost of living to increase unless counteracting measures are taken.