Speech of Thomas G. Shearman, At Des Moines, Iowa, October 2, 1883. Free Trade: the Road to Temperance And Prosperity for All Classes
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To quickly assess the difficulty of the text, read a short excerpt:
The real ground of their complaint was not' that it was less profitable to make iron than be- fore, but that they were obliged to divide these profits with their workmen in a more equitable proportion.
A little reflection will show clearly enough why 1 this result always follows the reduction of tariff taxes. Nearly all the manufactured articles imported are used by manufacturers for manufacturing pur- poses. A reduction in cost, produced by lowering the tariff,' enables the great mass of manuf...acturers to buy- their materials cheaply and increase their sales very largely. Thus increasing their sales, of course they are compelled to employ more workmen, because the number of' workmen is proportioned 1 to the quantity of goods which the employers can sell. A reduction in the tariff, therefore, brings two employers in the field hunting for workmen. An increase ■ in the tariff, by diminishing the amount which the home manufacturer can sell, compels' two workmen to look after one employer.
What to read after Speech of Thomas G. Shearman, At Des Moines, Iowa, October 2, 1883. Free Trade: the Road to Temperance And Prosperity for All Classes?
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To quickly assess the difficulty of the text, read a short excerpt:
The real ground of their complaint was not' that it was less profitable to make iron than be- fore, but that they were obliged to divide these profits with their workmen in a more equitable proportion.
A little reflection will show clearly enough why 1 this result always follows the reduction of tariff taxes. Nearly all the manufactured articles imported are used by manufacturers for manufacturing pur- poses. A reduction in cost, produced by lowering the tariff,' enables the great mass of manuf...acturers to buy- their materials cheaply and increase their sales very largely. Thus increasing their sales, of course they are compelled to employ more workmen, because the number of' workmen is proportioned 1 to the quantity of goods which the employers can sell. A reduction in the tariff, therefore, brings two employers in the field hunting for workmen. An increase ■ in the tariff, by diminishing the amount which the home manufacturer can sell, compels' two workmen to look after one employer.
What to read after Speech of Thomas G. Shearman, At Des Moines, Iowa, October 2, 1883. Free Trade: the Road to Temperance And Prosperity for All Classes?
You can find similar books in the "Read Also" column, or choose other free books by Thomas Gaskell Shearman to read onlineMoreLess
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