_Now_ I reckon you understand that 'high wages' and 'low wages' are phrases that don't mean anything in the world until you find out which of them will _buy_ the most!" It was a crusher.
But, alas! it didn't crush.

No, I had to give it up.

What those people valued was _high wages_; it didn't seem to be a matter of any consequence to them whether the high wages would buy anything or not.

They stood for "protection," and swore by it, which was reasonable enough, because interested parties had gulled them into the notion that it was protection which had created their high wages.

I proved to them that in a quarter of a century their wages had advanced but 30 per cent., while the cost of living had gone up 100; and that with us, in a shorter time, wages had advanced 40 per cent.