Outlines of Elementary Economics
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In our eReader you can find the full English version of the book. Read Outlines of Elementary Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Outlines of Elementary Economics
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Evidently if the number of producers in any given line can be artificially restricted, the product will be limited, the prices high, and the possible wages correspondingly high. The union, if it can control the labor supply, can exact from the employer all the wages which he can afford to pay. The effects may or may not, in the price of products, extend to consum- ers. It is in the effect on laborers seeking a place of employment in the ranks of skilled labor that the effects of the unions are ...chiefly to be regretted. In this respect their methods are open to the same criticism as are those of other monopolies. The attitude of many trades-unions toward apprentices is a leading instance. The well-being of society demands the maximum of intelligence among the la- borers and, unless greater advantages in other directions are sacrificed, the maximum of prod- uct. The exclusion of laborers from employ- ment of any sort, or the restriction of them to the unskilled industries, strikes at social well- being through a diminution of the social prod- 212 ELEMENTARY ECONOMICS uct, and rather increases than diminishes the inequalities of distribution.
What to read after Outlines of Elementary Economics?
You can find similar books in the "Read Also" column, or choose other free books by Herbert Joseph Davenport to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Evidently if the number of producers in any given line can be artificially restricted, the product will be limited, the prices high, and the possible wages correspondingly high. The union, if it can control the labor supply, can exact from the employer all the wages which he can afford to pay. The effects may or may not, in the price of products, extend to consum- ers. It is in the effect on laborers seeking a place of employment in the ranks of skilled labor that the effects of the unions are ...chiefly to be regretted. In this respect their methods are open to the same criticism as are those of other monopolies. The attitude of many trades-unions toward apprentices is a leading instance. The well-being of society demands the maximum of intelligence among the la- borers and, unless greater advantages in other directions are sacrificed, the maximum of prod- uct. The exclusion of laborers from employ- ment of any sort, or the restriction of them to the unskilled industries, strikes at social well- being through a diminution of the social prod- 212 ELEMENTARY ECONOMICS uct, and rather increases than diminishes the inequalities of distribution.
What to read after Outlines of Elementary Economics?
You can find similar books in the "Read Also" column, or choose other free books by Herbert Joseph Davenport to read onlineMoreLess
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