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
But although ordinarily, justice is fulfilled if a person pay either the
legal or market price, neither is really based on justice. The price
fixed by law will come closer to being a just price. In a self-governing
community, it probably will not do a great injustice to either party for
any length of time. In this country its field is so limited, that it may
be disregarded in the present discussion.
The market price, however, makes no pretense of being determined by
justice. It is the shrewdness of one man pitted against the shrewdness
of another, or even the greed of one against the other's need. One wants
to sell for as high a price while the other wants to buy for as low a
price as he can. When there are numerous buyers and numerous sellers,
all knowing their business pretty well, the result will be a close
approximation to what would be a just price, if the cost to the
entrepreneur producing the commodities or the person managing the
distributing agency were all that should be taken into consideration. In
a society where the actual producer sells directly to the Consumer,
where there is no production on an enormous scale employing hundreds and
thousands of hands who have no voice in fixing the price of the product,
then the price reached by the higgling of the market is likely to be
just.
Under the medieval system of craftsmen and one or two journeymen or
apprentices who formed part of the household it was possible (by lack of
competition) to maintain the rate of reward by limiting the supply. "No
serious attempt was made to push trade or develop business, but only to
carry on each trade according to the habitual rate of reward. According
to this policy, the conditions of the producer were allowed to be the
first consideration, and the consumer had to pay a price at which these
conditions could be maintained."[12]
But conditions of business have changed immensely since the Middle Ages.
The Industrial Revolution has brought big scale production, driving out
of existence the small producer ministering directly and immediately to
the wants of the community. Department stores have supplied the same
principle in the distributing end of industry, and very largely replaced
the small retailer. The employees of the big producer and distributor,
the ones most concerned, have no voice in fixing the price of the
article made or distributed by their labor. As a consequence competition
will often depress the price below the point where it will yield a
living wage to them. Not their rights determine this point, but what
crude irresistible hunger will force them to accept. Many times it is
only a difference between starving rapidly or slowly. But competition is
inexorable.
Public-domain text, read in full here on John Shaqi.
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