The Primer of Political Economy; in Sixteen Definitions And Forty Propositions
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XII) its wages are apt to be higher.
Scavengers get high wages because their work is very disagreeable ; engravers get them because their work is hard to learn; and plumbers get them because their work is very uncertain, now brisk and now dull.
Therefore, wages are lower in an agreeable than in a disagreeable, in an easily-learned than in a difficult, and in a steady than in an unsteady, employment.
PROPOSITION XIV.
The average wage of labor is equal to the quotient got by dividing the real wag...e-fund by the number of persons employed.
If the daily wage-fund of an employer is $ioo, and he hires fifty men, it is evident that he must pay them an average wage of $2, which is the quotient of the wage- fund ($100) divided by the number of men employed (50). This will be equally true if the wage-fund is that of a country instead of one man, is yearly instead of daily, and is counted by millions instead of tens of dol- lars, and if the laborers are many thousands instead of few in number. Since the real wage-fund (Def.
What to read after The Primer of Political Economy; in Sixteen Definitions And Forty Propositions?
You can find similar books in the "Read Also" column, or choose other free books by Lalor, John J. (John Joseph), D. 1899 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
XII) its wages are apt to be higher.
Scavengers get high wages because their work is very disagreeable ; engravers get them because their work is hard to learn; and plumbers get them because their work is very uncertain, now brisk and now dull.
Therefore, wages are lower in an agreeable than in a disagreeable, in an easily-learned than in a difficult, and in a steady than in an unsteady, employment.
PROPOSITION XIV.
The average wage of labor is equal to the quotient got by dividing the real wag...e-fund by the number of persons employed.
If the daily wage-fund of an employer is $ioo, and he hires fifty men, it is evident that he must pay them an average wage of $2, which is the quotient of the wage- fund ($100) divided by the number of men employed (50). This will be equally true if the wage-fund is that of a country instead of one man, is yearly instead of daily, and is counted by millions instead of tens of dol- lars, and if the laborers are many thousands instead of few in number. Since the real wage-fund (Def.
What to read after The Primer of Political Economy; in Sixteen Definitions And Forty Propositions?
You can find similar books in the "Read Also" column, or choose other free books by Lalor, John J. (John Joseph), D. 1899 to read onlineMoreLess
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