On Wages And Combination
On Wages And Combination
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From all that has been said, it must be appa- rent, that an effectual combination for the reduc- tion of wages can never by possibility exist. In the first place, such a combination could not be established ; and, in the second place, if it could be established, it could not be maintained. If Digitized by Google 56 not immediately broken up, by productive ad- vances, made from income, or by the importation of capital from abroad, it would speedily perish by self-destruction; and its evil influe...nce, after having for a time afflicted the labouring classes, would recoil upon the insane conspirators, lower- ing, instead of raising, the rate of profit, and elevating, instead of depressing, wages.
Digitized by Google CHAPTER IV.
ON THE EFFECT OF COMBINATIONS FOR RAISING WAGES.
In a country not depending upon foreign markets, Combinations may raise Wages to their maxi- mum, provided the supply of labour do not increase.
The labouring classes form the great majority of every community, and, as has been already observed^ a country must be considered as happy or miserable, in proportion as those classes are abundantly or scantily supplied with the necessaries and comforts of life.
What to read after On Wages And Combination?
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:
From all that has been said, it must be appa- rent, that an effectual combination for the reduc- tion of wages can never by possibility exist. In the first place, such a combination could not be established ; and, in the second place, if it could be established, it could not be maintained. If Digitized by Google 56 not immediately broken up, by productive ad- vances, made from income, or by the importation of capital from abroad, it would speedily perish by self-destruction; and its evil influe...nce, after having for a time afflicted the labouring classes, would recoil upon the insane conspirators, lower- ing, instead of raising, the rate of profit, and elevating, instead of depressing, wages.
Digitized by Google CHAPTER IV.
ON THE EFFECT OF COMBINATIONS FOR RAISING WAGES.
In a country not depending upon foreign markets, Combinations may raise Wages to their maxi- mum, provided the supply of labour do not increase.
The labouring classes form the great majority of every community, and, as has been already observed^ a country must be considered as happy or miserable, in proportion as those classes are abundantly or scantily supplied with the necessaries and comforts of life.
What to read after On Wages And Combination?
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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