Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 177-3: _Watts_ assumes that the strikers seek to
attain, on an average, an advance in their wages of five per
cent. Now, a week is about equivalent to two per cent. of
the year. If, therefore, a strike lasted one month, the
increase of wages it operates must last one and three-fifths
years to compensate the workmen for their loss. A strike
that lasts 12½ months would require 20 years to effect
the same, and this does not include interest on lost wages.
(Statist. Journal, 1861, 501 ff.) However, it is possible
that the striking workingmen themselves should lose more
than they gained, but that, for the whole working class, the
gain should exceed the loss; since those who had not
participated in the strike would participate in the
increased wages. _Thornton_ is of opinion that employers
have won in most strikes, but surrendered in the intervals
between strikes, so that now English workmen receive
certainly £5,000,000 more in wages than they would be
getting were it not for the trades-unions. (III, ch. 3-4.)]
[Footnote 177-4: By the Norwich strike, about the beginning
of the fourth decade of this century, what remained of the
industrial life of that city disappeared. (_Kohl_, Reise,
II, 363 ff.) Similarly in Dublin. (Quart. Rev., October,
1859, 485 ff.) In Cork, the workingmen's union, in 1827,
allowed no strange workmen to join them, and, it is said,
committed twenty murders with a view to that end. The
builders demanded 4s. 1d. a day wages. This discouraged the
erection of new buildings, and it frequently happened that
they found employment only one day in two weeks. (Edinb.
Rev., XLVII, 212.) When workingmen struggle against a
natural decline of the rate of wages, they, of course, add
to their misfortune.]
[Footnote 177-5: The grounds on which _Brentano_, following
_Ludlow_ and _Harrison_, justifies the intervention of the
state, have a very dangerous bearing, inasmuch as they do
not suppose, as a condition precedent, a perfectly wise and
impartial governmental authority.]
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