Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890Jones, John P. (John Percival)
History
Money: Speech of Hon. John P. Jones, of Nevada, on the Free Coinage of Silver; in the United States Senate, May 12 and 13, 1890
Jones, John P. (John Percival)
Silver question -- Speeches in Congress
While no mere sum in arithmetic can represent the enormous loss suffered
by a nation through this cause, let us see whether we can arrive by
figures at an approximate conception, at least, of the loss of wages
which it entails upon the working masses, and the corresponding loss of
wealth to the country.
The most thorough and painstaking investigation into the conditions of
labor in this country has been that which for many years has been
conducted by the Massachusetts Bureau of Labor. Its work has been
universally admitted to be free from bias, and devoid of all attempt to
establish any special hobby, or to force, by figures, the proof of any
preconceived theory.
SOME STATISTICS OF THE UNEMPLOYED.
An examination of the work of that bureau shows that, in 1887, there
were 816,470 persons engaged in wage earning in the State of
Massachusetts. Of those, 241,589, or nearly 30 per cent., were idle
during some part of the year--ranging from one to six or more months.
The average of their unemployed time was about four months, or one-third
of the year.
Now, 240,000 people idle for one-third of their whole time is
equivalent, in money loss, to the total idleness of one-third of that
number, or 80,000 people, for the entire year. The whole number of
persons enrolled for labor in the State being 816,470, this is
equivalent to the total idleness of one-tenth of the people engaged in
all occupations.
If a number equivalent to one-tenth of the people in all occupations are
idle twelve months in the year in a State like Massachusetts, where
labor is better organized, better classified, and more efficiently
ordered than elsewhere in this country, it can not be presumed that any
other State of the Union will exhibit a smaller proportion of unemployed
laborers.
The Census Report of 1880 states the number of persons employed in all
occupations as 17,392,099, out of a population of 50,155,783, or a
percentage of 34.68 of the entire population. Our present population
being not less than 65,000,000, if we assume, as we are warranted in
doing, that a like proportion of the population is engaged in
occupations of all sorts, it is clear that we have to-day a working
population of 22,254,000 persons.
Accepting as correct the careful deductions from the Reports of the
Massachusetts Bureau of Labor that a number equivalent to ten per cent.
of the people are always out of employment we find that at the present
time there are 2,250,000 persons involuntarily idle in this country. How
faintly does the term "the army of the unemployed" describe this vast
number of eager and willing men seeking in vain the opportunity to earn
a livelihood for themselves and families.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account