High Standard of Living

Human needs are few by comparison with human wants. Were it not for ever-increasing desires for the comforts, conveniences, and luxuries of life, modern industry would be unable to sustain itself. Civilization is the result of human demands, the combination of spiritual and material aspirations. In no other nation have these aspirations been so fully satisfied. The standard of living established by any group or nation is based upon the distribution of wealth. The closer together we bring the extremes of wealth and poverty, the higher the attainments and general welfare of the people. Ability to purchase. - Power of consumption is based upon the ability to purchase and pay for the desired commodities. In America the employee receives 72 per cent and the employer 28 per cent of the income of industry, constituting a range of wealth distribution which fixes our living standards at the highest point known in the world.