Wages And Trade in Manufacturing Industries in America And in Europe

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40 60 Sewing-Machines ....... 50J 49^ Foundry produce, machinery, etc 60 40 The higher cost of the material, the much higher price of our labor, every possible obstacle, is overcome by American genius, nerve, and power.
Exports of such magnitude in face of all the difficulties that were to be overcome by us only indicate what our condition might be if the burden upon our industry of the tax on raw materials were removed.
In metals of cruder form, where the labor cost is smaller, and the materia
...l presents by far the highest proportion of cost (pig- iron, bar-iron, steel, labor = 22 per cent., material = 78 percent.), we are heavy importers and not exporters. Imports in pig-iron, bar-iron, etc., steel, and rails in 1882 were $43,000,000, and ex- ports little over $1,000,000, against imports of only $5,000,000 and exports to over $25,000,000 in the above goods of finer finish.
i8 WAGES IN THE BOOT AND SHOE INDUSTRY.
D. BOOTS AND SHOES.
Great Britain.
United States.
France.
1882.
Germany.


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