Competition; Monopolies -- United States; Trusts, Industrial
If workingmen only understood how much the apparent gain when they win
in a strike is overbalanced by their loss in the higher prices which
they have to pay for the necessaries of life, and in the reduced demand
for labor, they would be as anxious to protect capital as they now
are--some of them--to injure it. The strikes make timid the men who have
capital to invest. They will not loan their money to business men,
builders, manufacturers, or any one who wishes to use it to employ
workmen, except at a higher rate of interest, to pay for the increased
risk. _Hence_, the cost of the capital used in production is greater,
and the price the public has to pay for the product must be greater.
Again, when men have to pay higher rates of interest for the money they
borrow they are slower to engage in new enterprises. Mr. A. a builder,
intended to put up a block of a dozen houses this season, which would
have tended to reduce rents; but the fear of strikes, with their
attendant damage and loss, has prevented him from borrowing money at
less than 8 per cent. interest. He concludes that, on the whole, this
will eat up so much of his profits that he will not build. Is it not too
plain to need proof that the _moral influence_ alone of the strikes has
robbed the workmen at every point? And this is one of a thousand cases
in a hundred different industries.
The plans we have discussed for the treatment of monopolies have for
their object a benefit to the people at large, by enabling them to
purchase the products of industry and of natural wealth free from the
tax now levied upon them by monopolies. If we can effect this, we shall
not have a millennium; there will still be injustice and suffering
enough in the world; but we shall have reduced the pressure upon the men
who work with their hands for their daily bread, enough so that we shall
no longer see the strange spectacle of over-production and hunger and
nakedness existing side by side. Men's desires were made by an All-wise
Creator to be always in advance of their ability to gratify them. And
the commercial supply of that ability--the supply of men willing to
work--ought always to be behind the demand for men.
It seems beyond dispute, then, that whatever will remove these
obstructions to the wheels of production will increase the demand for
labor, as well as increase the wages of labor by lowering the prices of
the necessaries of life. This the plan we have discussed promises to do,
and it also promises to benefit the whole people by lowering the cost of
monopolized articles.
The men and women who work with their hands, and those dependent on
them, form 97 per cent. of the population of the country. Instead of
combining to stop production in this shop or that factory, why not join
hands to work for reforms in the interest of the whole people? Be sure
that in so doing, organized labor will have the hearty co-operation, and
leadership if need be, of the best men in every class of society.
Public-domain text, read in full here on John Shaqi.
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