The book The Labour Movement was written by author Hobhouse, L. T. (Leonard Trelawny), 1864-1929 Here you can read free online of The Labour Movement book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Labour Movement a good or bad book?
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on the price of IS. 3d.— roughly, 66 per cent, on his outlay. ' Suppose, e.g., you can sell 60 lb. at is. 3d. your total return is £3 15s., and suppose you could only get off 40 lb. at is. 6d. you could get only £3 at that price, while again 70 lb. at is. gives you £3 los. In such a condition of the market — assuming that you have 60 lb. or more on your hands — is. 3d. gives you the best return. 7 98 THE LABOUR MOVEMENT Another, by ill-luck or mismanagement, ifihds it costs him 2s. to bring the... selfsame fish to the selfsame market, and his time, labour, and anxiety are rewarded by a loss of some 37 per cent, on his transaction. Nevertheless, notice, he will not be able to sell one penny higher than his neighbour, or, if he does, he will only lose the more, suppos- ing IS. 3d. to be the equilibrium price. Now, the question is. What is to become of this man, supposing his ill-luck or mismanagement to continue? It is clear that he must eventually go under water, and that the longer he struggles the worse off he will be.
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