Facts And Fallacies of Modern Protection
Facts And Fallacies of Modern Protection
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75, according to skill, and in December of same year $1. 75 to 82. 25. In 1874 Avages everywhere declined 1 5 to 20 per cent.
The rise of wages which took place shortly after the introduction of Protection cannot be set to the credit of that system. The following table will show that upon the conclusion of the war the amount of capital attracted into the industry was far in excess of the actual supply of labour; so that though the labourers in the iron trade received a higher money payment, it ...was at the expense of the rest of the community. It may be remarked, moreover, that, owing to the increased cost of pro- duction since the war, the purchasing power of money is considerably lessened : — No. II.
Number of Men em- ployed in Pig-iron Industry.
Amount of Jfoney paid in Wages in Pig-iruii Trade.
Amount of Capital embarked in the Pig-iron Trade.
1850 i860 1870 20, 448 15, 927 27, 554 i860 1870 54, 545, 43° 12, 475, 250 1850 *i86o 1870 $17, 346, 425 24, 672, 824 56, 145, 326 A comparison with the tables on pp.
What to read after Facts And Fallacies of Modern Protection?
You can find similar books in the "Read Also" column, or choose other free books by Bernard Ringrose Wise to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
75, according to skill, and in December of same year $1. 75 to 82. 25. In 1874 Avages everywhere declined 1 5 to 20 per cent.
The rise of wages which took place shortly after the introduction of Protection cannot be set to the credit of that system. The following table will show that upon the conclusion of the war the amount of capital attracted into the industry was far in excess of the actual supply of labour; so that though the labourers in the iron trade received a higher money payment, it ...was at the expense of the rest of the community. It may be remarked, moreover, that, owing to the increased cost of pro- duction since the war, the purchasing power of money is considerably lessened : — No. II.
Number of Men em- ployed in Pig-iron Industry.
Amount of Jfoney paid in Wages in Pig-iruii Trade.
Amount of Capital embarked in the Pig-iron Trade.
1850 i860 1870 20, 448 15, 927 27, 554 i860 1870 54, 545, 43° 12, 475, 250 1850 *i86o 1870 $17, 346, 425 24, 672, 824 56, 145, 326 A comparison with the tables on pp.
What to read after Facts And Fallacies of Modern Protection?
You can find similar books in the "Read Also" column, or choose other free books by Bernard Ringrose Wise to read onlineMoreLess
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