Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
§ 8. #The rural exodus#. The percentage of persons in the rural
population changes at about the same rate as does that of the persons
occupied in agriculture. In 1890 it was 64, in 1900 it was 60, and in
1910 it was 54 per cent. The percentage of the population in cities of
8000 or more has steadily increased. This phenomenon has been marked
in all of the countries that have been developing along industrial
lines. It has been variously described as "the rural exodus," "the
abandonment-of-the-farm-movement," and "the city-ward drift."[6] It
is only in part explained by the change from agriculture to other
occupations; perhaps even in greater part it is due to the decline
and disappearance in many rural places of small manufacturing and
mercantile businesses before the competition of large business in the
cities. In much of the long-settled area of the country every hillside
stream once turned a little mill to saw timber, grind corn, forge
iron, or weave cloth. Most of these mills are now deserted. In
countless villages the old blacksmith shop, once a center of business,
is abandoned. Here and there a patriarchal smith still serves a
dwindling group of customers and speaks with mingled pride and pathos
of his sons, now in the automobile business in the city.
The movement away from the countryside has been but little
counteracted as yet, but may be more in future, by the growing
enjoyment of rural life, by the back-to-the-land movement, by
interurban railways, by improved roads, and by automobiles.
§ 9. #The farmer's income in monetary terms#. Census figures and some
additional investigations have led to the estimate of the average
real income of the farmers of the United States in 1909, expressed in
monetary terms, as $724. The estimated value of all products, whether
sold or used by the farmer, plus the value of his house rent and fuel
consumed by family, was $1236, from which expenditures of $512 are
deducted for outside labor, and for materials used for operating and
maintaining the farm. Of the $724 the sum of $402 is estimated to
be the labor-income of the family and $322 is estimated to be the
wealth-income (at 5 per cent of the capitalization of the farm). This
was in a period of rising values in farm lands, averaging about $323
per farm annually, and this to most farmers was equivalent to so much
monetary savings. The main items of net income, therefore, are as
follows:
Rent $125
Food from the farm 261
Fuel 35
Cash 303
Total $724
Increase in value of farm 323
Total estimated monetary income $1047
Of the total, $422 is a labor-income, and $645 is a wealth income.[7]
Public-domain text, read in full here on John Shaqi.
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