Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
(1) The Demand for Common Laborers has several points of difference
from that for Skilled, and from that for Professional, Laborers. It is
scarcely ever intense. It is mostly disconnected from large
accumulations of Capital. The desire is usually for immediate
gratification, without any other end in view. It is frequently for
such a service, as, if a renderer may not be conveniently and cheaply
found, one is inclined to do for himself. For instances: if the barber
be not accessible and reasonable and tolerably skilful, a man will
certainly shave himself, provided he have not yet attained the
independence and the luxury of wearing a full beard; and the ordinary
housewife, if the cleanly and tractable domestic does not come into
sight, will do her own work with casual assistance. It is this
important fact, that common services among men and women in common
life may in many cases be dispensed with altogether, and in many other
cases substitutes be found for them, in connection with the other
important fact, that common laborers learn their art quickly and
easily, and consequently are present everywhere in large numbers, that
makes the Wages of such laborers uniformly low. The Demand is moderate
and the Supply is large.
(2) The Demand for Skilled Laborers is steadier and stronger than for
Common, because in general the desire for these is not for immediate
gratification, but for an ultimate satisfaction to arise from the
commercial coöperation of these laborers with their employers, who are
capitalists, in connection with accumulations of capital, the end in
view being the production of commodities for sale at a profit. Here
comes in a new motive on the part of capitalists to buy the personal
services of laborers. The motive is simple and intelligible and
commendable, but its nature and operation is popularly and grossly
misapprehended.
Public-domain text, read in full here on John Shaqi.
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