American Eloquence, Volume 4: Studies In American Political History (1897)
History
American Eloquence, Volume 4: Studies In American Political History (1897)
Speeches, addresses, etc., American; United States -- History; United States -- Politics and government
But it is confidently asserted that the wages of laborers in the
protected industries are higher because of protection. Admit it. I have
not the figures for 1880, but in 1870 there were not 500,000 of them;
but of the laborers in other industries there were 12,000,000, exclusive
of those in agriculture, who were 6,000,000 more. Why should the wages
of the half million be increased beyond their natural rate, while
those of the others remain unchanged? More--why should the wages of
the 18,000,000 be diminished that those of the half million may be
increased? For an increase cannot be made in the wage rate of one class
without a proportionate decrease in that of others. But the wages
of labor in protected industries are not permanently increased by
protection. Another very important factor in ascertaining the value
of wages is the continuance or the steadiness of the employment. Two
dollars a day for half the year is no more than a dollar a day for the
whole year. Employment in most protected industries is spasmodic. In the
leading industries for the past ten years employment has not averaged
more than three fourths of the time, and not at very high wages. Within
the last year manufacturers of silk, carpets, nails and many other
articles of iron, of various kinds of glassware and furniture, and coal
producers have shut down their works for a part of the time, or reduced
the hours of labor. Production has been too great. To stop this and
prevent the reduction of profits through increasing competition, the
first thing done is to diminish the production, thus turning employes
out of employment. Wages are diminished or stopped until times are flush
again. With the time estimated in which the laborers are not at work,
the average rate of wages for the ten years preceding 1880 did not equal
the wages in similar industries for the ten years preceding 1860 under a
revenue tariff. Indeed, in many branches the wages have not been so high
as those received by the pauper labor, so-called, in Europe. But it is
manifest that the wages in these industries cannot for any long period
be higher than the average rate in the community, for, if the wages be
higher, labor will crowd into the employments thus favored until the
rate is brought down to the general level. So true is this, that it
is admitted by many protectionists that wages are not higher in the
protected industries than in others.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account