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Abstract
Excerpts: In the statement we presented before the National Industrial Recovery Board at its recent hearings on Price Policies of the Codes, we attempted to call attention to the basic interrelationships between an agricultural and an industrial program that would make for higher standards of living of wage earners, farmers and other economic groups. Our central theme, which we wish to emphasize again to-day in connection with the employment provisions of codes, was that if the various economic groups of the country are to regain and exceed their pre-depression standards of living, the country as a whole would have to produce much more than it is now producing, and in that way wipe out unemployment and increase the exchange of goods and services between the farm and city populations and between the various groups of the urban population. The kind of balance between agriculture and industry that we need to be aiming at is one first, where farmers not only supply the normal requirements for those who have been able to afford an adequate food budget but also a more adequate food consumption for those who have in prosperity and in depression lived on food budgets below adequate health standards; and secondly, where industry produces in abundance the things which make for a higher standard of living of both wage earners and farmers. The contribution of an agricultural program toward general recovery and stability is production for adequate consumption and such export demand as can be secured without jeopardizing the longtime standards of farm life.