Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.Knight, Charles
Philosophy
Knowledge is power : $b A view of the productive forces of modern society and the results of labor, capital and skill.
Knight, Charles
Industrial arts; Industries
During the next two centuries, the condition of the people had been
materially improved. Capital had increased, and so had population. But
capital had increased faster than population, and hence the improvement.
The class of free labourers had for the most part succeeded to the old
class of villeins. Labourers for hire, without understanding the great
principles which govern the rate of wages, any more than did their
masters, would practically seek to measure their earnings according to
those principles. The lawgivers determined the contrary.[37] The Statute
of Labourers, 23rd Edward III., says:--"Because a great part of the
people, and especially of workmen and servants, late died of the
pestilence, many, seeing the necessity of masters and great scarcity of
servants, will not serve unless they receive excessive wages." They were
therefore to be compelled to serve, and they were to serve at the same
wages which they had received three years before. The ratio of
population, in consequence of the pestilence, had fallen considerably
below the ratio of accumulated capital seeking to employ labour. Under
the natural laws of demand and supply, the scarcity of labourers and the
excess of capital would have raised the wages of labour. These laws were
not to operate. Forty years after this enactment of Edward III., comes
the statute of Richard II., which says that "Servants and labourers will
not, nor by a long season would, serve and labour without outrageous and
excessive hire, and much more than hath been given to such servants and
labourers in any time past, so that for scarcity of the said servants
and labourers the husbands and land-tenants may not pay their rents, nor
scarcely live upon their lands." Here was a distinct conflict between
the capitalists seeking profits and the labourers seeking wages. The
law-makers resolved that the hires of the servants and labourers should
be "put in certainty;" and they fixed the rate of wages throughout the
land. They settled the contest in favour of profits, arbitrarily. To
avoid this interference with the due payments of their labour in
proportion to the ratio of capital and labour, the husbandmen might have
fled to the towns, and some did so. But they were met there by the
enactment that the artificers should be subject to the same controlling
power, and that the boy who had laboured at the plough and cart till he
was twelve years old should continue so to labour for the rest of his
life. This state of things was truly slavery without the name. Some such
marvellous folly and injustice went on for several centuries. But,
regulating wages, the laws also undertook to regulate the cost of food
and of clothing--their quality, and their consumption--how much people
should eat, and what coats they should wear. These absurdities also went
on for centuries--of course under a perpetual system of open violation
or secret evasion. The people, we may safely conclude, never fully
Public-domain text, read in full here on John Shaqi.
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