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
employment, indeed, is more steady and uniform, and the superiority of
their earnings, taking the whole year together, may be somewhat greater.
It seems evidently, however, to be no greater than what is sufficient to
compensate the superior expense of their education.
Education in the ingenious arts, and in the liberal professions, is
still more tedious and expensive. The pecuniary recompence, therefore,
of painters and sculptors, of lawyers and physicians, ought to be much
more liberal; and it is so accordingly.
The profits of stock seem to be very little affected by the easiness or
difficulty of learning the trade in which it is employed. All the
different ways in which stock is commonly employed in great towns seem,
in reality, to be almost equally easy and equally difficult to learn.
One branch, either of foreign or domestic trade, cannot well be a much
more intricate business than another.
Thirdly, the wages of labour in different occupations vary with the
constancy or inconstancy of employment.
Employment is much more constant in some trades than in others. In the
greater part of manufactures, a journeyman may be pretty sure of
employment almost every day in the year that he is able to work. A mason
or bricklayer, on the contrary, can work neither in hard frost nor in
foul weather, and his employment at all other times depends upon the
occasional calls of his customers. He is liable, in consequence, to be
frequently without any. What he earns, therefore, while he is employed,
must not only maintain him while he is idle, but make him some
compensation for those anxious and desponding moments which the thought
of so precarious a situation must sometimes occasion. Where the computed
earnings of the greater part of manufacturers, accordingly, are nearly
upon a level with the day-wages of common labourers, those of masons and
bricklayers are generally from one-half more to double those wages.
Where common labourers earn four of five shillings a week, masons and
bricklayers frequently earn seven and eight; where the former earn six,
the latter often earn nine and ten; and where the former earn nine and
ten, as in London, the latter commonly earn fifteen and eighteen. No
species of skilled labour, however, seems more easy to learn than that
of masons and bricklayers. Chairmen in London, during the summer season,
are said sometimes to be employed as bricklayers. The high wages of
those workmen, therefore, are not so much the recompence of their skill,
as the compensation for the inconstancy of their employment.
A house-carpenter seems to exercise rather a nicer and a more ingenious
trade than a mason. In most places, however, for it is not universally
so, his day-wages are somewhat lower. His employment, though it depends
much, does not depend so entirely upon the occasional calls of his
customers; and it is not liable to be interrupted by the weather.
Public-domain text, read in full here on John Shaqi.
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