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
The real recompence of labour, the real quantity of the necessaries and
conveniencies of life which it can procure to the labourer, has, during
the course of the present century, increased perhaps in a still greater
proportion than its money price. Not only grain has become somewhat
cheaper, but many other things, from which the industrious poor derive an
agreeable and wholesome variety of food, have become a great deal cheaper.
Potatoes, for example, do not at present, through the greater part of the
kingdom, cost half the price which they used to do thirty or forty years
ago. The same thing may be said of turnips, carrots, cabbages; things
which were formerly never raised but by the spade, but which are now
commonly raised by the plough. All sort of garden stuff, too, has become
cheaper. The greater part of the apples, and even of the onions, consumed
in Great Britain, were, in the last century, imported from Flanders. The
great improvements in the coarser manufactories of both linen and woollen
cloth furnish the labourers with cheaper and better clothing; and those in
the manufactories of the coarser metals, with cheaper and better
instruments of trade, as well as with many agreeable and convenient pieces
of household furniture. Soap, salt, candles, leather, and fermented
liquors, have, indeed, become a good deal dearer, chiefly from the taxes
which have been laid upon them. The quantity of these, however, which the
labouring poor are under any necessity of consuming, is so very small, that
the increase in their price does not compensate the diminution in that of
so many other things. The common complaint, that luxury extends itself
even to the lowest ranks of the people, and that the labouring poor will
not now be contented with the same food, clothing, and lodging, which
satisfied them in former times, may convince us that it is not the money
price of labour only, but its real recompence, which has augmented.
Is this improvement in the circumstances of the lower ranks of the people
to be regarded as an advantage, or as an inconveniency, to the society?
The answer seems at first abundantly plain. Servants, labourers, and
workmen of different kinds, make up the far greater part of every great
political society. But what improves the circumstances of the greater
part, can never be regarded as any inconveniency to the whole. No society
can surely be flourishing and happy, of which the far greater part of the
members are poor and miserable. It is but equity, besides, that they who
feed, clothe, and lodge the whole body of the people, should have such a
share of the produce of their own labour as to be themselves tolerably
well fed, clothed, and lodged.
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