Illustrations of political economy, Volume 3 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 3 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
His wife said to herself that she had no idea he could have been so
stern as he was all this day; she scarcely knew him for William
Allen.—Many people made the same observation from this time forward. His
sternness only appeared when matters of honour were in question, and no
one who knew by what means he had been made jealous on this point
wondered at the tone of decision in which a once weak and timid man
could speak. But there were other circumstances which made them scarcely
able to believe him the same William Allen. He no longer touched his hat
to the masters, or appeared to see them as they passed. He no longer
repaired to the Spread-Eagle to hear or tell the news, or to take part
in consultation on the affairs of the workmen of Manchester, though he
was ever ready to give his advice with freedom and mildness when called
upon. He stated that he was a friend to their interests, and therefore
anxious to avoid injuring them by being one of the body. He would not
even represent his children, who grew up one after another to be
employed in the factories, while their father toiled in the streets with
his water-cart in summer and his broom in winter; enduring to be pointed
out to strangers as the leader of an unsuccessful strike, as long as his
family were not included with himself in the sentence of proscription.
When will it be understood by all that it rests with all to bring about
a time when opposition of interests shall cease? When will masters and
men work cheerfully together for their common good, respect instead of
proscribing each other, and be equally proud to have such men as
Wentworth and William Allen of their fellowship?
_Summary of Principles illustrated in this Volume._
---------------------
COMMODITIES, being produced by capital and labour, are the joint
property of the capitalist and labourer.
The capitalist pays in advance to the labourers their share of the
commodity, and thus becomes its sole owner.
The portion thus paid is WAGES.
REAL WAGES are the articles of use and consumption that the labourer
receives in return for his labour.
NOMINAL WAGES are the portion he receives of these things reckoned in
money.
The fund from which wages are paid in any country consists of the
articles required for the use and consumption of labourers which that
country contains.
THE PROPORTION OF THIS FUND RECEIVED BY INDIVIDUALS MUST MAINLY DEPEND
ON THE NUMBER AMONG WHOM THE FUND IS DIVIDED.
The rate of wages in any country depends, therefore, not on the wealth
which that country contains, but on the proportion between its capital
and its population.
As population has a tendency to increase faster than capital, wages can
be prevented from falling to the lowest point only by adjusting the
proportion of population to capital.
The lowest point to which wages can be permanently reduced is that which
affords a bare subsistence to the labourer.
Public-domain text, read in full here on John Shaqi.
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