Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
The above is the universal and fundamental objection to Strikes. _The
remedy for economical evils, real or supposed, must ever be found in
economical considerations._ The strong but foolish tendency of the
times is to mix up things that are quite distinct; to try to apply to
the evils of Trade the rules of Morals, which is a useless task; to
appeal to Politics in matters of pure Bargain; and to resort to Force
to cure the evils that flow from the wholly voluntary action of
individuals. This is like the doctor who would cure bodily ailments by
mental and spiritual recipes. It has all the absurdities of the late
famous "Mind-cure." The mind is indeed higher than the body, but
bodily maladies must be treated as such, or the patient will die; the
imperatives of Ethics are certainly superior to the profitables of
Economics, but the latter are well able to take care of themselves on
their own ground; Religion is loftier than Morals, but it becomes a
very poor substitute for morals in the daily routine of life.
_Similia similibus curantur._ Economical evils can only be removed by
a better Economics better applied. Strikes are an outside and
irrelevant remedy for low Wages.
A bad principle works badly in practice of course; the principle that
underlies strikes is so opposed to the fundamental nature of exchange,
that we might know beforehand that it would work badly; and as a
matter of fact, it does work badly enough both upon employers and
employed, because strikes are certain to embitter the relations
between the two classes, which ought always to be cordial and free,
and especially, because strikes must work on the minds of the
capitalist to lessen the Wages-Portion for the next industrial cycle.
Fortunately, we possess authentic statistics gathered about Strikes by
the Massachusetts Bureau of Statistics of Labor, and published in
detail in the Report of December, 1888. The information given is exact
in relation to five principal States, and approximate in relation to
the other parts of the United States. We will copy first the table
exhibiting the Losses in six years on account of Strikes of both
Employers and Employees, and the outside assistance received by the
latter:--
EMPLOYEES' LOSS AND ASSISTANCE AND EMPLOYERS' LOSS IN THE FIVE
PRINCIPAL STATES ON ACCOUNT OF STRIKES AND
LOCK-OUTS FOR 1881-1886.
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