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
First, the wages of labour vary with the ease or hardship, the cleanliness
or dirtiness, the honourableness or dishonourableness, of the employment.
Thus in most places, take the year round, a journeyman tailor earns less
than a journeyman weaver. His work is much easier. A journeyman weaver
earns less than a journeyman smith. His work is not always easier, but it
is much cleanlier. A journeyman blacksmith, though an artificer, seldom
earns so much in twelve hours, as a collier, who is only a labourer, does
in eight. His work is not quite so dirty, is less dangerous, and is
carried on in day-light, and above ground. Honour makes a great part of
the reward of all honourable professions. In point of pecuniary gain, all
things considered, they are generally under-recompensed, as I shall
endeavour to shew by and by. Disgrace has the contrary effect. The trade
of a butcher is a brutal and an odious business; but it is in most places
more profitable than the greater part of common trades. The most
detestable of all employments, that of public executioner, is, in
proportion to the quantity of work done, better paid than any common trade
whatever.
Hunting and fishing, the most important employments of mankind in the rude
state of society, become, in its advanced state, their most agreeable
amusements, and they pursue for pleasure what they once followed from
necessity. In the advanced state of society, therefore, they are all very
poor people who follow as a trade, what other people pursue as a pastime.
Fishermen have been so since the time of Theocritus. {See Idyllium xxi.}.
A poacher is everywhere a very poor man in Great Britain. In countries
where the rigour of the law suffers no poachers, the licensed hunter is
not in a much better condition. The natural taste for those employments
makes more people follow them, than can live comfortably by them; and the
produce of their labour, in proportion to its quantity, comes always too
cheap to market, to afford any thing but the most scanty subsistence to
the labourers.
Disagreeableness and disgrace affect the profits of stock in the same
manner as the wages of labour. The keeper of an inn or tavern, who is
never master of his own house, and who is exposed to the brutality of
every drunkard, exercises neither a very agreeable nor a very creditable
business. But there is scarce any common trade in which a small stock
yields so great a profit.
Secondly, the wages of labour vary with the easiness and cheapness, or the
difficulty and expense, of learning the business.
Public-domain text, read in full here on John Shaqi.
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