A Letter to Lord Ashley On the Principles Which Regulate Wages And On the Manne
A Letter to Lord Ashley On the Principles Which Regulate Wages And On the Manne
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Now, the important practical questions for our consideration are — Would it be possible to keep tilings in this state ? Would it be practicable to perpetuate this forced deprossion of wages and rise of profits ? A little careful inquiry will convince us that it would be quite impracticable, and that the final effect of the combination would be, not to raise profits at the expense of wages, but, on the contrary, to elevate wages at the expense of profits. Let us consider, in the first place, the... circum- stances which would render it impracticable to keep wages at the reduced level to which the combination of employers had forced them down, and then proceed to trace the re-action and recoil by which they woiJd ascend, not merely to their former, but to a still higher level.
To keep wages at the low level to which, by the supposition, the combination has reduced them, it would be necessary that the following circumstances, each morally impossible, should concur : — First. — It would ba necessaiy that the whole of the em- ployers of labour tliroughout the country should expend the whole of their profits unprodvictively.
What to read after A Letter to Lord Ashley On the Principles Which Regulate Wages And On the Manne?
You can find similar books in the "Read Also" column, or choose other free books by R Robert Torrens to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Now, the important practical questions for our consideration are — Would it be possible to keep tilings in this state ? Would it be practicable to perpetuate this forced deprossion of wages and rise of profits ? A little careful inquiry will convince us that it would be quite impracticable, and that the final effect of the combination would be, not to raise profits at the expense of wages, but, on the contrary, to elevate wages at the expense of profits. Let us consider, in the first place, the... circum- stances which would render it impracticable to keep wages at the reduced level to which the combination of employers had forced them down, and then proceed to trace the re-action and recoil by which they woiJd ascend, not merely to their former, but to a still higher level.
To keep wages at the low level to which, by the supposition, the combination has reduced them, it would be necessary that the following circumstances, each morally impossible, should concur : — First. — It would ba necessaiy that the whole of the em- ployers of labour tliroughout the country should expend the whole of their profits unprodvictively.
What to read after A Letter to Lord Ashley On the Principles Which Regulate Wages And On the Manne?
You can find similar books in the "Read Also" column, or choose other free books by R Robert Torrens to read onlineMoreLess
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