The book Industrial Democracy was written by author Sidney Webb Here you can read free online of Industrial Democracy book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Industrial Democracy a good or bad book?
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After the laborers have once acquired these tastes, population will advance in a slower ratio, as compared with capital, than formerly ; and the laborers will be disposed rather to defer the period of marriage, than, by entering on it prematurely, to depress their own condition and that of their children." In the same way, the presumption was strongly against any reduction of the wages of any classes who were receiving more than bare subsistence. " A fall of wages," continues M'Culloch, " has t...herefore a precisely opposite effect, and is, in most cases, as injurious to the laborer as their rise is beneficial. In whatever way wages may be restored to their former level after they have fallen, whether it be by a decrease in the number of marriages, or an increase in the number of deaths, or both, it is never, except in . . . exceedingly rare cases . . . suddenly effected. It must, generally speaking, require a considerable time before it can be brought about; and an extreme risk arises in consequence lest the tastes and habits of the laborers, and their opinion respecting what is necessary for their comfortable subsistence, should be de- graded in the interim.
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