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
In 1688, Mr Gregory King,
whose skill in political arithmetic is so much extolled by Dr Davenant,
computed the ordinary income of labourers and out-servants to be fifteen
pounds a-year to a family, which he supposed to consist, one with
another, of three and a half persons. His calculation, therefore, though
different in appearance, corresponds very nearly at bottom with that of
Judge Hales. Both suppose the weekly expense of such families to be
about twenty-pence a-head. Both the pecuniary income and expense of such
families have increased considerably since that time through the greater
part of the kingdom, in some places more, and in some less, though
perhaps scarce anywhere so much as some exaggerated accounts of the
present wages of labour have lately represented them to the public. The
price of labour, it must be observed, cannot be ascertained very
accurately anywhere, different prices being often paid at the same place
and for the same sort of labour, not only according to the different
abilities of the workman, but according to the easiness or hardness of
the masters. Where wages are not regulated by law, all that we can
pretend to determine is, what are the most usual; and experience seems
to shew that law can never regulate them properly, though it has often
pretended to do so.
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
Public-domain text, read in full here on John Shaqi.
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