Employment Quotes - page 18
If employment is falling off, what is the lesson? The lesson is that our home trade, our domestic consumption, must have decreased in a larger proportion than our foreign trade has increased. (Hear, hear.) The competition from abroad has grown more and more severe, and, on the whole, taking our trade as a whole, it must have declined if the employment in trade has decreased. (Hear, hear.) Wages have been reduced. You have only to read the papers to see almost daily some trade or another has to submit to a reduction. That, then, is not a proof of boundless prosperity. It is a proof of comparative decline, and, in my judgment, the handwriting is on the wall, there to be read by every impartial man; and, though I contemplate no immediate catastrophe, I say the situation calls for preparation while there is still time to find a remedy. (Cheers.)
Joseph Chamberlain