Perils to British Trade; How to Avert Them

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It restricts home productions, renders fixed capital profitless, and destroys the wages of labour.
The cheapness of the recent years is attained by low and inadequate wages, hence the sweating system, as it exists with all unorganised workers. It is only by Trade Unions that wages have been maintained, and this often at the expense of capital.
Let Free Traders always remember that Trade Unionism is the most severe form of protection.^ ^ Cheap food was intended to give our manufacturers cheap la
...bour, to enable them to maintain a supremacy in foreign markets ; but Free Trade manufacturers did not bargain for foreign tariffs (forcing down the prices of their goods and diminishing profits) and Trade Unionism keeping up the opera- tives' wages.
It is a common thing for Free Traders to support Trade 136 PERILS TO BRITISH TRADE.
Untaxed foreign goods, the produce of cheap labour and long hours, when imported into this country, must bring down profits and wages. It is an artifici- ally constituted competition forced upon our workers, displacing their labour and bringing down the rate of wages.


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