An Inquiry into the Nature and Causes of the Wealth of NationsSmith, Adam
History
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
When any expensive machine is erected, the extraordinary work to be
performed by it before it is worn out, it must be expected, will replace
the capital laid out upon it, with at least the ordinary profits. A man
educated at the expense of much labour and time to any of those
employments which require extraordinary dexterity and skill, may be
compared to one of those expensive machines. The work which he learns to
perform, it must be expected, over and above the usual wages of common
labour, will replace to him the whole expense of his education, with at
least the ordinary profits of an equally valuable capital. It must do this
too in a reasonable time, regard being had to the very uncertain duration
of human life, in the same manner as to the more certain duration of the
machine.
The difference between the wages of skilled labour and those of common
labour, is founded upon this principle.
The policy of Europe considers the labour of all mechanics, artificers,
and manufacturers, as skilled labour; and that of all country labourers as
common labour. It seems to suppose that of the former to be of a more nice
and delicate nature than that of the latter. It is so perhaps in some
cases; but in the greater part it is quite otherwise, as I shall endeavour
to shew by and by. The laws and customs of Europe, therefore, in order to
qualify any person for exercising the one species of labour, impose the
necessity of an apprenticeship, though with different degrees of rigour in
different places. They leave the other free and open to every body. During
the continuance of the apprenticeship, the whole labour of the apprentice
belongs to his master. In the meantime he must, in many cases, be
maintained by his parents or relations, and, in almost all cases, must be
clothed by them. Some money, too, is commonly given to the master for
teaching him his trade. They who cannot give money, give time, or become
bound for more than the usual number of years; a consideration which,
though it is not always advantageous to the master, on account of the
usual idleness of apprentices, is always disadvantageous to the
apprentice. In country labour, on the contrary, the labourer, while he is
employed about the easier, learns the more difficult parts of his
business, and his own labour maintains him through all the different
stages of his employment. It is reasonable, therefore, that in Europe the
wages of mechanics, artificers, and manufacturers, should be somewhat
higher than those of common labourers. They are so accordingly, and their
superior gains make them, in most places, be considered as a superior rank
of people. This superiority, however, is generally very small: the daily
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