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
It frequently happens, that while high wages are given to the workmen in
one manufacture, those in another are obliged to content themselves with
bare subsistence. The one is in an advancing state, and has therefore a
continual demand for new hands; the other is in a declining state, and
the superabundance of hands is continually increasing. Those two
manufactures may sometimes be in the same town, and sometimes in the
same neighbourhood, without being able to lend the least assistance to
one another. The statute of apprenticeship may oppose it in the one
case, and both that and an exclusive corporation in the other. In many
different manufactures, however, the operations are so much alike, that
the workmen could easily change trades with one another, if those absurd
laws did not hinder them. The arts of weaving plain linen and plain
silk, for example, are almost entirely the same. That of weaving plain
woollen is somewhat different; but the difference is so insignificant,
that either a linen or a silk weaver might become a tolerable workman in
a very few days. If any of those three capital manufactures, therefore,
were decaying, the workmen might find a resource in one of the other two
which was in a more prosperous condition; and their wages would neither
rise too high in the thriving, nor sink too low in the decaying
manufacture. The linen manufacture, indeed, is in England, by a
particular statute, open to every body; but as it is not much cultivated
through the greater part of the country, it can afford no general
resource to the workmen of other decaying manufactures, who, wherever
the statute of apprenticeship takes place, have no other choice, but
either to come upon the parish, or to work as common labourers; for
which, by their habits, they are much worse qualified than for any sort
of manufacture that bears any resemblance to their own. They generally,
therefore, chuse to come upon the parish.
Whatever obstructs the free circulation of labour from one employment to
another, obstructs that of stock likewise; the quantity of stock which
can be employed in any branch of business depending very much upon that
of the labour which can be employed in it. Corporation laws, however,
give less obstruction to the free circulation of stock from one place to
another, than to that of labour. It is everywhere much easier for a
wealthy merchant to obtain the privilege of trading in a town-corporate,
than for a poor artificer to obtain that of working in it.
Public-domain text, read in full here on John Shaqi.
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