Outlines of Political Economy

Cover Outlines of Political Economy
Outlines of Political Economy
A H Archibald Hastie Dick
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Again, about a hundred years ago, the cotton manufacturers employed only some forty thousand persons at about five shillings a week each. Now, since machinery has been invented, above two millions are employed in one way or another in cotton mills, and the average wage is aboxit a pound a week. Yet again, when railways were first proposed, men thought with pity upon all the coach- drivers, ostlers, innkeepers, and others who were likely to be thrown out of employment, and who, indeed, were thro...wn out of it ; but they did not foresee the enormous traffic that was to come instead; the inns, larger and more of them ; the horses and coachmen more numerous and better paid than ever, who ply their trade at railway stations ; the loads of goods that pass between these stations and the warehouses in manufacturing towns ; the clerks in railway offices, the guards, the drivers, the porters ; the hosts, in fact, of railway employees, as it is now the fashion to call them. " Again, you may show him that machines not only give employment to far more than were employed before, in 58 POLITICAL ECONOMY.

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