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
It is not, however, difficult to foresee which of the two parties must,
upon all ordinary occasions, have the advantage in the dispute, and force
the other into a compliance with their terms. The masters, being fewer in
number, can combine much more easily: and the law, besides, authorises, or
at least does not prohibit, their combinations, while it prohibits those
of the workmen. We have no acts of parliament against combining to lower
the price of work, but many against combining to raise it. In all such
disputes, the masters can hold out much longer. A landlord, a farmer, a
master manufacturer, or merchant, though they did not employ a single
workman, could generally live a year or two upon the stocks, which they
have already acquired. Many workmen could not subsist a week, few could
subsist a month, and scarce any a year, without employment. In the long
run, the workman may be as necessary to his master as his master is to
him; but the necessity is not so immediate.
We rarely hear, it has been said, of the combinations of masters, though
frequently of those of workmen. But whoever imagines, upon this account,
that masters rarely combine, is as ignorant of the world as of the
subject. Masters are always and everywhere in a sort of tacit, but
constant and uniform, combination, not to raise the wages of labour above
their actual rate. To violate this combination is everywhere a most
unpopular action, and a sort of reproach to a master among his neighbours
and equals. We seldom, indeed, hear of this combination, because it is the
usual, and, one may say, the natural state of things, which nobody ever
hears of. Masters, too, sometimes enter into particular combinations to
sink the wages of labour even below this rate. These are always conducted
with the utmost silence and secrecy till the moment of execution; and when
the workmen yield, as they sometimes do without resistance, though
severely felt by them, they are never heard of by other people. Such
combinations, however, are frequently resisted by a contrary defensive
combination of the workmen, who sometimes, too, without any provocation of
this kind, combine, of their own accord, to raise the price of their
labour. Their usual pretences are, sometimes the high price of provisions,
sometimes the great profit which their masters make by their work. But
whether their combinations be offensive or defensive, they are always
abundantly heard of. In order to bring the point to a speedy decision,
they have always recourse to the loudest clamour, and sometimes to the
most shocking violence and outrage. They are desperate, and act with the
folly and extravagance of desperate men, who must either starve, or
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