Wang Shengde is in his early forties and is a little thin. He wears a pair of black-framed eyes, his lips and chin are clean and not a beard, and he is wearing a well-fitting dark gray suit. He looks very energetic and elegant, giving people a more like a scholar rather than a businessman.

After cutting braids, Shanghai has a spontaneous shaving and nail cutting style. The reason is that the top is favorable, and the bottom must be even more so. It is easy to be content and never grows beards. The beards are clean at all times, and the same is true for nails. They never have long nails. The return students and domestic college students followed suit and gradually led the entire Shanghai atmosphere.

Walking outside the study, Wang Shengde deliberately slowed down to appear more steady. He is not only the chairman of the Shanghai Federation of Industry and Commerce, but also the deputy director of the Jiangsu Consulting Bureau. Although he was born in a family of businessmen, he also returned from studying in England. Now Shanghai's political and business circles have attached more and more importance to new education.

When he entered the room, he saw Yi Zhengxing and Zhao Liewen was there. Wang Shengde quickly bowed to see him one by one. Yi contentedly said, "Chairman Wang does not need to be polite, sit down."

After he sat down, he said: "There should be heard of this in the United States and Germany?"

The economic crisis of Ogilvy and Germany, and the reports of newspapers of all sizes and big Shanghai were reported in a series of reports. Wang Shengde was not unreasonable. He immediately bowed slightly and said, "I wonder if this economic crisis may turn into a global economic crisis? Will it have a huge impact on our country?"

"In recent years, my country's industry and economy have developed rapidly, and the impact is inevitable." Yi Zhizu said slowly: "The court implemented the First Five-Year Plan in order to deal with this economic crisis." After a pause, he continued: "The purpose of increasing wages and improving welfare measures is to stimulate the economy, stimulate domestic demand, and avoid an outbreak of economic crisis."

Is it the summoned today for this? Wang Shengde couldn't help but feel nervous. He hesitated and said: "Your Majesty, it is difficult for workers to grow wages, and it is even more difficult to fall. Increased wages means increasing costs. This will undoubtedly weaken the international competitiveness of my industrial products and affect domestic sales..."

He stopped talking with unsatisfactory. In fact, in his opinion, relying on increasing wages and improving welfare is impossible to stimulate the economy and stimulate domestic demand. Workers' wealthy money will be mailed back to their hometowns, or deposited in the bank and will not be consumed at all.

Yi Zhizu glanced at him, turned to Yi Zhengxing, and said, "Xingzhi talks about it."

After hearing this, Yi Zhengxing smiled and said, "This is a long way to say it."

Yi Zhizu said: "Then let's tell a long story."

"Yes." Yi Zhengxing pondered for a moment before speaking: "What is the reason for the outbreak of the economic crisis? It is relatively overproduction, why is there relatively overproduction?

Simply put, profit is equal to the selling price of the commodity minus the wages, in other words, the selling price of the commodity is equal to the working wages of the profits. In other words, wages not only buy all the goods, but profits must also be added to the purchase, so that production and sales can be balanced.

But in fact, only a small part of the profit is added to purchase, that is, consumption. The richer people are, the lower the proportion of consumption to total income. This is the fundamental reason for the relative overproduction and the fundamental reason for the outbreak of economic crisis!

Although raising wages and reducing profits cannot fundamentally eliminate the economic crisis, it is conducive to alleviating the economic crisis. This is the real reason why Yuanqi has been continuously raising wages."

Although Yi Zhengxing said it very concisely, he was quite thorough. Wang Shengde understood the meaning of this when he heard it. He smiled and said, "Where are farmers, farmers do not have wages, but they also have the ability to consume."

"Good question." Yi Zhizu smiled and said: "This theory is aimed at countries with high industrialization and is not applicable to agricultural countries. In fact, without external reasons, agricultural countries will basically not experience economic crises.

my country has been developing industry for 30 years, and industry has already reached a certain scale, but there has never been an economic crisis. It is because the proportion of industrial output value is small, and the huge domestic farmers have digested relatively surplus commodities.

However, my country's industrial development is getting faster and faster, and the proportion of industry will become heavier, and it will eventually replace agriculture and jump from an agricultural country to an industrial country. However, the wage growth of workers must take a long process and cannot be achieved overnight."

Wang Shengde was not willing to give up, and pondered for a while before saying, "Workers' wages have increased to a certain extent, and they will not be used for consumption?"

"This is natural." Yi Zhizu said: "However, the current wage level is still far from that level, and this issue is not necessary for at least decades." After a pause, he continued: "Raising wages is not only to maximize the economic crisis, but also to promote the development of our country's industrial development.

Too low labor costs will cause everything to stagnate and hinder the development and application of advanced technologies. It is currently in the transition from the first industrial revolution to the second industrial revolution. my country must actively develop, apply, promote and popularize new technologies, otherwise there is a possibility of being dragged down by the West again.

The industrial era is an era of constant pursuit of innovation and endlessness. After the Second Industrial Revolution, there will be the third industrial revolution, the fourth industrial revolution, the fifth and sixth......

Once you are self-supported, you will be quickly caught up and eliminated. We must lay a good foundation for future sustainable development from the very beginning."

There was also the third, fourth, fifth, sixth, and even the continuous industrial revolution? The people in the room were staring at him blankly. After a long time, Wang Shengde came to his senses. He knew in his heart that since it was easy to be content, even if he was unwilling to do so, he could not change it.

After pondering for a moment, he said with concern: "The owners of many factory and mining enterprises invested in the factory and pursued profits, and it is probably not easy to convince..."

"How many factories and mining enterprises will be closed in an economic crisis?" Yi Zhizu said coldly: "In the 30th year of the Qing Dynasty's development of industry, large and small factories and mining enterprises have sprung up like mushrooms after a rain. Yuanqi doesn't mind launching an artificial economic crisis to survive the fittest and eliminate the drought and retain the essence. If there are any objections, list the list, Yuanqi will carry out a comprehensive ban and cut off his raw materials, funds, technology, markets, and transportation!"

If you really want to be banned by Yuan Qi, how can you survive? Wang Shengde's heart tightened and hurriedly said, "I will convey the prince's meaning truthfully."

Yi Zhizu nodded, reached out to get the tea cup, and prepared to serve tea and see the guests. Seeing this, Wang Shengde hurriedly said: "Prince, other provinces are building railways or water conservancy projects, but Jiangsu is building two highways.... Many members of the Advisory Committee have complained about this."

After hearing this, Yi Zhizu paused his hand and said, "The First Five-Year Plan, Jiangsu can be said to have the first monthly income. Its engineering projects and allocated funds are far higher than other provinces. Do you have any complaints?"

After a pause, he continued: "The two highways in Shanghai, Ningxia and Shanghai and Hangzhou are added extra. The importance of highways is no less than that of railways. With the development of automobiles, their importance will exceed that of railways. Don't be ignorant of gold and jade."

Under Yuanqi's high pressure, the news that the Federation of Industry and Commerce had initially agreed to significantly increase wages spread wildly and soon became a hot topic. The workers were naturally very excited to discuss it. Although it was not the first time the wages were raised, wage increases were always a particularly pleasant thing. However, before the workers' happiness passed, prices in Shanghai began to rise, and all food, clothing, housing and transportation showed varying increases.

"Dingling" the crisp phone ringing sounded. Zhao Liewen took the phone and asked, then turned around and said, "Big Shopkeeper, King Gong's phone number."

Yi Zhizu heard Yi's voice just after receiving the phone, "Brother Guocheng, Shanghai is clamoring for a salary increase again? How many times has the salary increased in just a few years?"

"This move is also to deal with the impact of the economic crisis." Yi Zhizu said without any haste: "The First Five-Year Plan focuses on heavy industry. Even if the project is fully launched, the benefits are limited. It cannot achieve the effect of point-to-poly. Combined with increasing wages, it is enough to drive the whole......"

"Workers in Shanghai will increase their wages, and Tianjin will inevitably be affected. All workers will increase their wages. School teachers, court officials and yamen runners, will the officers and soldiers increase?" Yi's voice sounded a bit dull, "Will Brother Guocheng not know about the annual income of the court?"

"Of course, it must rise. Don't worry about the lack of money but the unevenness, how can you not rise?" Yi Zhizu said in a relaxed tone: "The court's finances are tight, and Yuanqi can borrow first. Now all provinces are vigorously developing industries, and the court's annual income is about to usher in a sharp increase. There is no problem with this expenditure."

Yi, who was on the other end of the phone, immediately stopped saying a word. This is the truth. Now all provinces are setting up factories and actively developing industries. The annual income of the court will definitely increase significantly. This is why the salary increase is indeed the beginning of payment. After pondering a little, he said: "How much is the increase this time? I have someone make a budget first."

“Twenty percent.”

"How many?" Yi? I suspected that I had heard it wrong, and the one-time increase was 20%. How can I live my life in the future?

"The increase is 20%." Yi Zhizu said in a tone: "I need to use this salary increase to stimulate prices, especially agricultural products..."

Yi? He also knew that this economic crisis was different from the past. Yi Zhizu had analyzed it for him long ago. The serious economic crises in the United States, Germany and Austria also partially confirmed the other party's judgment. As the first Prime Minister of the Cabinet, he did not want any mistakes. Besides, with Yuan Qi supporting him in terms of funds, he had no worries. Without thinking much, he said: "Okay, Brother Yiguocheng."

On the 1st of the 1st month of the Western calendar, Zhennan Prince Mansion took the lead in announcing that starting from the first month of the Western calendar, all employees of the factory and mining enterprises under Yuanqi's name will increase by 20%, and the rest time will increase from one day and a half to two days, and the minimum wage will also increase accordingly. In addition, pension insurance and medical insurance have also made corresponding adjustments.

The next day, Emperor Qixiang of the Qing Dynasty also issued an edict, that all the salaries of all officials, soldiers, yamen runners and clerks who paid their salaries by the court would all increase by 20%, and other welfare benefits would also be followed by Yuan Qi.

The Federation of Industry and Commerce also officially stated that the wages, benefits and benefits of all factory, mining and enterprise employees will follow Yuanqi.

Such a significant adjustment of wages and welfare benefits caused an uproar in the government and the country, and prices rose overnight, but the increase was different. The price of grain that Yi Zhizu was most concerned about rose by 20%.

Zhennan Wangfu, Changle Bookstore.

Zhao Liewen walked into the room with a smile on his face with a copy of the price lists of provinces that have just been counted. "Big shopkeeper, prices in various provinces generally rose from 10% to 30%. After January, they may continue to rise..."

After taking the statistics table and looking carefully for a while, Yi Zhizu said: "The effect seems to be better than expected." He put down the statistics table and lit a cigarette. He said: "I remember when I was in Manila, Huifu asked, "We can follow the methods of dealing with the economic crisis, and Western countries can follow it. How can we quickly surpass it?"

Zhao Liewenri said thoughtfully: "What the big shopkeeper means is that Western countries dare not issue additional paper money like we do?"

"Not bad." Yi Zhizuji said: "Western countries have a complete and strict banking system. Whether it is the gold standard or the gold and silver standard, they dare not issue additional banknotes at will, because there must be enough gold or silver behind each banknote they issue.

Due to this restriction, the amount of banknotes issued by Western countries is equivalent to being restricted. Unless there are more gold and silver reserves, additional banknotes cannot be issued because there is a risk of bankruptcy.

But in fact, issuing a certain amount of currency and maintaining moderate and benign inflation is more conducive to economic development. In the event of an economic crisis, inflation stimulus is needed. As long as we can do this, we can surpass it. Every economic crisis in Western countries is an opportunity for us - an opportunity to catch up and surpass it!"

After hesitating, Zhao Liewen said: "The banknotes issued by Yuanqi are now no one can exchange them. Once the gold standard is implemented, free exchange must be allowed. The additional banknotes issued will inevitably cause the risk of a run..."

"With Transvaal's gold mine, the gap in the additional banknotes we issued will be quickly filled." Yi Zhizu said: "We are just issuing currencies in advance. With Yuanqi's strength, there is no risk at all, but Western banks cannot do this, even central banks cannot do this."

This is indeed the truth. Zhao Liewen nodded. Yuanqi Bank is not only a central bank, but also Yuanqi is not only a bank. Almost half of the Qing Dynasty's industry is controlled by Yuanqi. It is no exaggeration to say that the entire Qing Dynasty's economic lifeline is controlled by Yuanqi. No Western country can compare with this high-level monopoly.

The run-up last year, the 15th Five-Year Plan this year, and the adjustment of wages and benefits are enough to show that Yuan Qi is now fully capable of turning the world and is an unshakable existence in the Qing Dynasty. It is really nothing to issue a certain amount of paper money.
Chapter completed!