Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public PolicyClark, John Bates
General
Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public Policy
Clark, John Bates
Economics
_Why Technical Changes are more disturbing than a General Influx or
Efflux of Population._--When the moving of labor is gradual, it is
effected, not so much by transferring particular men from one
occupation to another, as by diverting the young men who are about
entering the field of employment to the places where labor is most
needed. When the son of a shoemaker, instead of learning his father's
trade, becomes a carpenter, no _laborer_ has abandoned an accustomed
occupation and betaken himself to another; but _labor_ has gone from
the shoemaking trade to that of carpentering. A man often stays where
he is to the end of his life, although during that life labor has
moved freely out of his occupation to others. If we represent the
facts by a diagram, they will stand thus:--
A B C D
50 40 70 100 Natural and actual apportionment of labor
in 1850.
45 35>-->90 90 Natural apportionment after change of
----------^ ^---- method in 1850.
47 38 80 95 Apportionment in 1855 when the movement
initiated in 1850 is partially completed.
52 41<---65 102 Natural apportionment in 1855, with
^---------- ----^ movements then initiated.
_A_, _B_, _C_, and _D_ represent different occupations or subgroups in
the table we have before used. At one date a static adjustment called
for fifty units of labor at _A_, forty at _B_, seventy at _C_, and one
hundred at _D_. A half decade later, after improvements had taken
place at _A_, _B_, and _D_, static forces, if they were allowed to
have their full effect, would leave only forty-five men at _A_, and
thirty-five at _B_, but they would place ninety at _C_ and at _D_.
The first movements that would tend to bring this about are in the
direction indicated by the dotted lines. The transfers are made, not
by forcing men from _A_, _B_, and _D_ to _C_, but chiefly by diverting
to _C_ young laborers who would otherwise have gone to _A_, _B_, and
_D_ to replace men who are leaving in these groups.
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