Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
Statistics show that the prevailing wages for unskilled manual workers
in America have risen much less since the Civil War than have other
wages.[4] Wages in the great lower stratum of the unskilled and
slightly skilled workers are much lower in America relative to those
of more skilled and professional workers than they are in Europe. It
can hardly be doubted that the most important, tho not the sole, cause
of this situation has been the unceasing inflow of immigrants going
into these low-paid occupations. The "general economic situation" in
America, but for immigration, would compel higher wages to be paid to
the masses of the workers. If immigration were suddenly stopped in a
period of normal or of increasing business, wages in these occupations
would at once rise, and that, without the aid of organization, of
strikes, or of arbitration. This would affect most those occupations
which now present the most serious social problems, in mines,
factories, and city sweatshops. In some small measure the war in the
Balkan States, by recalling many men for service, had this influence
in 1912; and the great war beginning in 1914, by stopping a large
part of the usual immigration, gave a striking demonstration of
this principle. In employing circles the rise of wages was sometimes
referred to with an air of grievance as due to the "monopoly of
labor," as if the economic situation here, enabling the wage-earners
(millions of them immigrants), to get a higher competitive wage when
immigration temporarily was diminished, constituted a monopoly.
Public-domain text, read in full here on John Shaqi.
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