Consumers and Wage-Earners: The Ethics of Buying Cheap — John Shaqi
Consumers and Wage-Earners: The Ethics of Buying CheapRoss, J. Elliot (John Elliot)
Philosophy
Consumers and Wage-Earners: The Ethics of Buying Cheap
Ross, J. Elliot (John Elliot)
Consumers -- United States; Wages; Wages -- United States
To subscribe to either of these errors will vitiate any conclusions as
to social policy. For if unrestrained competition have certain evil
tendencies, we cannot therefore assume that the present restricted form
will have such results. And the fact that competition exists between
capitalists as well as between laborers has very wide-reaching
implications. It means no less than that competition may raise wages as
well as lower them.
The average person is apt to look upon an object as drawn only to the
earth by gravitation. He forgets that the same force is also pulling at
it in an opposite direction. And in the same way the average person is
likely to forget that competition is continually pulling wages both up
and down. If we imagine some object suspended between the earth and the
moon, and being constantly drawn towards each according to some power
inherent in them which varies from time to time so that the object now
approaches one and now the other, we shall have a rough illustration of
how competition affects wages.
We can look upon the amount of wages as the object of attraction between
competition on the part of laborers and competition on the part of
capitalists. According as competition among capitalists is keen as
compared with that among laborers, wages will rise, and vice versa; just
as when, in our illustration, gravity was strong in the moon, the object
rose towards it, and when it was stronger in the earth the object fell
towards that body. But in both cases the result is due to the same
force, though acting from different points. It would be an error,
therefore, to attribute all the evils of our present system to
competition, and all the good to some other agency. Competition has good
results as well as bad, and this two-fold influence must always be
remembered.
Doubtless absolutely unrestrained competition between laborers with no
corresponding rivalry between capitalists would depress wages. But such
competition does not exist. Competition is not absolutely unrestricted.
It is limited by organization among the workmen, by legislation, by
natural ability, and in various other ways. As a result, the effects are
limited in various ways. If a bricklayers' union is strong enough
practically to eliminate competition between this class of laborers
while capitalists compete with each other to obtain their services, then
the working out of competition has been modified in such a way as to
have an upward effect upon wages.
Public-domain text, read in full here on John Shaqi.
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