"On the other hand the tariff-for-protection party, proposed to make
the duties on imports so high that foreign productions would be kept
out, and the home market secured to the employers of home labor.
This, it was claimed, would enable the employers of labor to pay
higher wages, which was true; but the selfishness of the heartless
employer, was always in favor of keeping wages at a minimum and the
noble, generous, employer could not afford to pay any more. If he did,
his heartless competitor would undersell him in the market and destroy
his business. Hence we are not surprised that statistics proved the
tendency of wages to be toward a minimum under both parties--that is,
a sum barely sufficient to provide food, clothing and shelter, and to
enable the workman to raise other toilers to take his place when he was
no longer able to work.
"Under this tariff-for-protection policy, the revenues raised were just
as oppressive and unjust to people of small incomes as under the policy
of 'a tariff for revenue only,' but with this additional burden, that
the increased price of home products was assessed upon the people in
the same unequal manner. But on the other side, more home labor could
be employed, which benefited the workmen in protected industries at
the expense of the classes which were not protected. Of course, even
the tariff-for-protection party which had so much to say in favor of
holding the home market for home products, never seriously intended to
exclude foreign products, as that would have put an end to all revenue.
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