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
or weekly earnings of journeymen in the more common sorts of manufactures,
such as those of plain linen and woollen cloth, computed at an average,
are, in most places, very little more than the day-wages of common
labourers. Their employment, indeed, is more steady and uniform, and the
superiority of their earnings, taking the whole year together, may be
somewhat greater. It seems evidently, however, to be no greater than what
is sufficient to compensate the superior expense of their education.
Education in the ingenious arts, and in the liberal professions, is still
more tedious and expensive. The pecuniary recompence, therefore, of
painters and sculptors, of lawyers and physicians, ought to be much more
liberal; and it is so accordingly.
The profits of stock seem to be very little affected by the easiness or
difficulty of learning the trade in which it is employed. All the
different ways in which stock is commonly employed in great towns seem, in
reality, to be almost equally easy and equally difficult to learn. One
branch, either of foreign or domestic trade, cannot well be a much more
intricate business than another.
Thirdly, the wages of labour in different occupations vary with the
constancy or inconstancy of employment.
Employment is much more constant in some trades than in others. In the
greater part of manufactures, a journeyman maybe pretty sure of employment
almost every day in the year that he is able to work. A mason or
bricklayer, on the contrary, can work neither in hard frost nor in foul
weather, and his employment at all other times depends upon the occasional
calls of his customers. He is liable, in consequence, to be frequently
without any. What he earns, therefore, while he is employed, must not only
maintain him while he is idle, but make him some compensation for those
anxious and desponding moments which the thought of so precarious a
situation must sometimes occasion. Where the computed earnings of the
greater part of manufacturers, accordingly, are nearly upon a level with
the day-wages of common labourers, those of masons and bricklayers are
generally from one-half more to double those wages. Where common labourers
earn four or five shillings a-week, masons and bricklayers frequently earn
seven and eight; where the former earn six, the latter often earn nine and
ten; and where the former earn nine and ten, as in London, the latter
commonly earn fifteen and eighteen. No species of skilled labour, however,
seems more easy to learn than that of masons and bricklayers. Chairmen in
London, during the summer season, are said sometimes to be employed as
bricklayers. The high wages of those workmen, therefore, are not so much
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