Outlines of Lectures On the Taxation of Land Values An Explanation With Illustr
Outlines of Lectures On the Taxation of Land Values An Explanation With Illustr
Louis Freeland Post
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Then the man who has lost his place becomes a * ' scab ' ' too, and turns out some one else by underbidding. And so it goes again and again until wages fall so low that they but just support life. Then the poor house or a charitable institution takes care of the tenth man, who thereafter serves the purpose of a possible labor competitor to prevent a rise in wages. Meanwhile, diminished purchasing pow- er, due to low wages, bears down upon business generally. But let there be ten jobs and but ni...ne men. Conditions would be in- stantly reversed. Instead of a man all the time seeking a job, a job would be all the time seeking a man ; and wages would rise until they equaled the value of the work for which they were paid. And as wages rose, purchasing power would rise, and business in general would flourish. If general demand freely directed general production, there would always be ten jobs for nine men, and no longer only nine jobs for ten men. It could not be otherwise while any wants were unsatisfied.
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