An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
An Inquiry Into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
Though the wealth of a country should be very great, yet if it has been
long stationary, we must not expect to find the wages of labour very
high in it. The funds destined for the payment of wages, the revenue and
stock of its inhabitants, may be of the greatest extent; but if they
have continued for several centuries of the same, or very nearly of the
same extent, the number of labourers employed every year could easily
supply, and even more than supply, the number wanted the following year.
There could seldom be any scarcity of hands, nor could the masters be
obliged to bid against one another in order to get them. The hands, on
the contrary, would, in this case, naturally multiply beyond their
employment. There would be a constant scarcity of employment, and the
labourers would be obliged to bid against one another in order to get
it. If in such a country the wages of labour had ever been more than
sufficient to maintain the labourer, and to enable him to bring up a
family, the competition of the labourers and the interest of the masters
would soon reduce them to the lowest rate which is consistent with
common humanity. China has been long one of the richest, that is, one of
the most fertile, best cultivated, most industrious, and most populous,
countries in the world. It seems, however, to have been long stationary.
Marco Polo, who visited it more than five hundred years ago, describes
its cultivation, industry, and populousness, almost in the same terms in
which they are described by travellers in the present times. It had,
perhaps, even long before his time, acquired that full complement of
riches which the nature of its laws and institutions permits it to
acquire. The accounts of all travellers, inconsistent in many other
respects, agree in the low wages of labour, and in the difficulty which
a labourer finds in bringing up a family in China. If by digging the
ground a whole day he can get what will purchase a small quantity of
rice in the evening, he is contented. The condition of artificers is, if
possible, still worse. Instead of waiting indolently in their
work-houses for the calls of their customers, as in Europe, they are
continually running about the streets with the tools of their respective
trades, offering their services, and, as it were, begging employment.
The poverty of the lower ranks of people in China far surpasses that of
the most beggarly nations in Europe. In the neighborhood of Canton, many
hundred, it is commonly said, many thousand families have no habitation
on the land, but live constantly in little fishing-boats upon the rivers
and canals. The subsistence which they find there is so scanty, that
they are eager to fish up the nastiest garbage thrown overboard from any
European ship. Any carrion, the carcase of a dead dog or cat, for
example, though half putrid and stinking, is as welcome to them as the
most wholesome food to the people of other countries. Marriage is
Public-domain text, read in full here on John Shaqi.
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