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
When the trades which generally afford constant employment, happen in a
particular place not to do so, the wages of the workmen always rise a
good deal above their ordinary proportion to those of common labour. In
London, almost all journeymen artificers are liable to be called upon
and dismissed by their masters from day to day, and from week to week,
in the same manner as day-labourers in other places. The lowest order of
artificers, journeymen tailors, accordingly, earn their half-a-crown
a-day, though eighteen pence may be reckoned the wages of common labour.
In small towns and country villages, the wages of journeymen tailors
frequently scarce equal those of common labour; but in London they are
often many weeks without employment, particularly during the summer.
When the inconstancy of employment is combined with the hardship,
disagreeableness, and dirtiness of the work, it sometimes raises the
wages of the most common labour above those of the most skilful
artificers. A collier working by the piece is supposed, at Newcastle, to
earn commonly about double, and, in many parts of Scotland, about three
times, the wages of common labour. His high wages arise altogether from
the hardship, disagreeableness, and dirtiness of his work. His
employment may, upon most occasions, be as constant as he pleases. The
coal-heavers in London exercise a trade which, in hardship, dirtiness,
and disagreeableness, almost equals that of colliers; and, from the
unavoidable irregularity in the arrivals of coal-ships, the employment
of the greater part of them is necessarily very inconstant. If colliers,
therefore, commonly earn double and triple the wages of common labour,
it ought not to seem unreasonable that coal-heavers should sometimes
earn four and five times those wages. In the inquiry made into their
condition a few years ago, it was found that, at the rate at which they
were paid, they could earn from six to ten shillings a-day. Six
shillings are about four times the wages of common labour in London;
and, in every particular trade, the lowest common earnings may always be
considered as those of the far greater number. How extravagant soever
those earnings may appear, if they were more than sufficient to
compensate all the disagreeable circumstances of the business, there
would soon be so great a number of competitors, as, in a a trade which
has no exclusive privilege, would quickly reduce them to a lower rate.
The constancy or inconstancy of employment cannot affect the ordinary
profits of stock in any particular trade. Whether the stock is or is not
constantly employed, depends, not upon the trade, but the trader.
Fourthly, the wages of labour vary according to the small or great trust
which must be reposed in the workmen.
The wages of goldsmiths and jewellers are everywhere superior to those
of many other workmen, not only of equal, but of much superior
ingenuity, on account of the precious materials with which they are
entrusted.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account