Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
(b) The _easiness_ or difficulty of learning to render acceptably a
given set of personal services, will have a quick and constant
influence on the Supply of these services, and of course also on the
rate of the return paid for them. The elements of this Difficulty in
general are time, expense, lack of natural gifts, want of foresight on
the part of those concerned, and lack of push and persistency on the
part of the learner himself. To put a boy apprentice to a trade, for
example, requires on the part of the parents a foresight, an ability
to get on without his immediate help, and sometimes also an amount of
money for his board and clothes which all parents do not possess; many
boys too, who must acquire their skill to sell personal services when
they are young, if at all, find on trial that they do not like the
trade, or have not the requisite gifts, or fail in the appropriate
patience and propulsion; and the consequence is, that the Supply of
laborers along that particular line is lessened, and the right to
demand and the ability to secure a higher rate of wages than is
accorded to common laborers accompany the small supply, through the
reduction of numbers which these obstacles at the entrance occasion
and the consequent weakness of competition. This is one principal
ground of the difference in the wages of skilled and unskilled
laborers; the other being, as we have seen, the stronger and more
constant Demand for the former, owing to the impulse imparted by
Capital. All these points of difficulty at the outset apply still more
strongly in the case of professional laborers, serving more
effectually to thin out the ranks of these, and pushing upward still
higher the gauge of compensation for the successful competitors.
Public-domain text, read in full here on John Shaqi.
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