American industry has searched the outside world to find new markets--but it can create on its very doorstep the biggest and most permanent market it has ever had. It needs the reduction of trade barriers to improve its foreign markets, but it should not overlook the chance to reduce the domestic trade barrier right here--right away--without waiting for any treaty. A few more dollars a week in wages, a better distribution of jobs with a shorter working day will almost overnight make millions of our lowest-paid workers actual buyers of billions of dollars of industrial and farm products. That increased volume of sales ought to lessen other cost of production so much that even a considerable increase in labor costs can be absorbed without imposing higher prices on the consumer. I am a firm believer in fully adequate pay for all labor. But right now I am most greatly concerned in increasing the pay of the lowest-paid labor--those who are our most numerous consuming group but who today do not make enough to maintain a decent standard of living or to buy the food, and the clothes and the other articles necessary to keep our factories and farms fully running. Farsighted businessmen already understand and agree with this policy. They agree also that no one section of the country can permanently benefit itself, or the rest of the country, by maintaining standards of wages and hours far inferior to other sections of the country. Most businessmen, big and little, know that their government neither wants to put them out of business nor to prevent them from earning a decent profit. In spite of the alarms of a few who seek to regain control of American life, most businessmen, big and little, know that their government is trying to make property more secure than ever before by giving every family a real chance to have a property stake in the nation. Whatever danger there may be to the property and profits of the many, if there be any danger, comes not from government's attitude toward business but from restraints now imposed upon business by private monopolies and financial oligarchies. The average businessman knows that a high cost of living is a great deterrent to business and that business prosperity depends much upon a low price policy which encourages the widest possible consumption. As one of the country's leading economists recently said, "The continuance of business recovery in the United States depends far more upon business policies, business pricing policies, than it does on anything that may be done, or not done, in Washington."