Konstantin continued: "Your Majesty, this is the plan of the Ministry of Communications for the Greek peninsula, and in order to connect the Greek peninsula with our mainland as soon as possible, the Ministry of Communications plans to build a railway from Ioannina to Athens.

Including seven branch lines, the total length of the railway is about 2,300 kilometers, and it is planned to invest 80 million leva, and the construction time is expected to be 5 years! ”

Ferdinand nodded and agreed, connecting the railway network to the Greek Peninsula and strengthening its control over the Greek Peninsula, which is now one of Bulgaria's established national policies.

……

Well, Ferdinand has only been away for just over two months, and he has left such a big mess of things, it can only be said that the king is not easy to be a king!

If Ferdinand didn't ask, maybe many things would have been directly classified as unfocused by the bureaucrats below. This is also a common problem of bureaucrats all over the world, anxious about the boss's worries, worried about the boss's worries!

Although Bulgaria now has a very high level of morality, Ferdinand has never trusted the bureaucrats under him.

Maybe they won't make big mistakes, but it's hard to say whether they will be passive and slack, after all, the Bulgarian government really has a lot of things!

So much so that they don't have time for political struggle! They are also human beings, and if they have the opportunity to be lazy, how can they possibly give up?

As for giving them a holiday? Ferdinand said: "It's impossible! In this era, there is no popular talk about annual leave, the whole of Bulgaria is a single holiday, and he, the king, is no exception?

And now is not the busiest time, when the world war breaks out, that will be really busy!

Anyone who lived through the First Balkan War knows that in order to win the Ottoman Empire, Bulgaria invested all its strength, and many government officials did not enter their homes for months!

Well, except in special circumstances, no matter how busy a government official is under normal circumstances, it is easier than a worker at the bottom, isn't it?

With a higher income, in principle, there is no overtime work except for ten hours of work a day!

Oh, and now the Bulgarian government is restructuring and preparing to introduce an eight-hour workday, but Ferdinand has never agreed!

If the government changes working hours, should other industries also be restructured?

Don't suffer from widowhood and suffer from unevenness! It is common all over the world, and now no one in Bulgaria has any questions about this ten-hour working day and the single-rest system, and the most important thing is that everyone, including Ferdinand, implements this set of standards!

Of course, that's what Ferdinand thought it was! His working hours are all arranged freely, and if there is nothing important, there is nothing for him to do!

The cabinet government is not a white meal, it is enough to often ask Ferdinand to make resolutions with a bunch of problems, if he couldn't even deal with trivial things, Ferdinand would have been replaced a long time ago!

The most important thing is that the productive forces of this era are limited, and if the working hours are forced to be reduced, then the capitalists will inevitably have to reduce the wages of the workers as well.

In order to keep their income, everyone still has to work overtime obediently, and this toss is not equivalent to working in vain?

Don't mention any work efficiency, it's all nonsense, Ferdinand was in the 21st century in his previous life, isn't there still so many people working overtime?

Are the capitalists all fools who don't know that working too long hours will reduce production efficiency and increase the rate of defective products?

Why are so many people still working overtime?

The reason is very simple, except for a few precision industries, for most factories, it is completely acceptable for the product to have a slight flaw!

Not to mention in this era, when the capitalists dared to let the workers work fifteen or sixteen hours a day, they also took into account all factors and did so in order to maximize profits!

What if working hours are forcibly lowered without reducing wages?

Then it's even worse, just prepare for the economic crisis!

In this era, productivity is limited, if a worker works ten hours to produce a product worth 100 leva, this has to deduct the cost of raw materials, machinery, plant is 45 leva, government taxes are 10 leva, sales channels are 20 leva, the capitalist takes 10 leva, the cost of management is 5 leva, and the wages of workers are 10 leva.

If the working hours were now eight hours, the value of the products produced would be only 80 leva, the cost of raw materials, plant and machinery would be 38 leva, the government's taxes would be reduced to 8 leva, the cost of sales channels would be 16 leva, the cost of management would remain unchanged at 5 leva, and the wages of workers would remain unchanged at 10 leva, leaving the capitalists with only 3 leva.

(With reduced production capacity, the amortization of plant machinery costs will inevitably rise!) The law of the market determines that the more products are produced, the lower the cost per piece! ）

Obviously, this is unacceptable, and it is impossible for the capitalists to make all 10% profits, and most of them invest part of their own money, and then use bank loans to expand their production capacity!

Now the interest rate on bank funds in Bulgaria is more than 5 percent, and if the capitalists have a profit of 10 percent, they will still make a profit after deducting the interest on the funds!

If this profit is reduced to three percent, or even lower, there is no doubt that the company will not survive!

The cost of capital alone may not be recovered, let alone expand production capacity! It's impossible to get all the capitalists to invest in full, right?

Even if there is so much money, I don't think anyone will do that!

For example, the total investment of this project is 1 million leva, you invest 300,000 leva in 300,000 leva, and borrow 700,000 leva from the bank at an annual interest rate of 5%.

The profit is calculated at 10% of the total investment, the annual profit is 100,000 leva, the loan repayment is 35,000 leva, the net profit is 65,000 leva, and the return on funds is 21.7%.

This figure can also stimulate the enthusiasm of the capitalists to produce, if they are allowed to invest 1 million leva in full, then the rate of return on capital is only 6.5%, and this return on investment is not enough to expand production?

As for the increase in production costs, can it increase in sales prices? Obviously, the consequences are even more serious, and now that international trade accounts for 20% of Bulgaria's industrial production, will goods still be competitive if prices rise?

Not to mention the loss of the international market in terms of product price increases, it will also cause domestic inflation and cause a chain reaction!

Just think about this terrible consequence, Ferdinand would not dare to act rashly!

Either the productive forces have developed to a certain extent, or Bulgaria has enough colonial markets to plunder, otherwise it's better not to mess around!

At the beginning of the 20th century, the wealth created by the whole society was limited, and no matter how it was distributed, it was impossible to produce high welfare, and Ferdinand would not violate the laws of the market!

……