Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
Like the price of every commodity, the immediate wages of common labor
is determined by the relation of the demand and supply of labor. Other
circumstances being the same, every great plague[160-1] or
emigration[160-2] is wont, by decreasing the supply, to increase the
wage's of labor; and a plague, the wages of the lowest kind of labor
most.[160-3] And so, the increased demand, in harvest time, is wont to
increase wages; and even day board during harvest time is wont to be
better.[160-4] [160-5] In winter the diminished demand lowers wages
again.[160-6] Among the most effective tricks of socialistic sophistry
is, unfortunately, to caricature the correct principle: "labor is a
commodity," into this other: "the laborer is a commodity."
Moreover, common labor has this peculiarity, that those who have it to
supply are generally much more numerous than those who want it; while
the reverse is the case with most other commodities. Another important
peculiarity of the "commodity" labor, is, that it can seldom be bought,
without at the same time reducing the person of the seller to a species
of dependence. Thus, for instance, the seller cannot be in a place
different from that in which his commodity is. Hence a change in the
person, etc. of the buyer very readily necessitates in the workman a
radical change of life, and that the levelling adjustment of local
excess and want is rendered so difficult in the case of this
commodity.[160-7] Hence, it is that, if in the long run the exchange of
labor against wages is to be an equitable one (§ 110), the master of
labor must, so to speak, incorporate part of his own personality into
it, have a heart for faithful workmen and thus attach them to
himself.[160-8]
[Footnote 160-1: High rate of Italian wages after the plague
in 1348, but also many complaints of the indolence and
dissoluteness of workmen. (_M. Villani_, I, 2 ff., 57 seq.
_Sismondi_, Gesch. der ital. Republiken in Mittelalter, VI,
39.) In England, the same plague increased the wages of
threshers from an average of 1.7 d. in 1348, to 3.3 d. in
1349. Mowers received, during the 90 years previous, 1/12 of
a quarter of wheat per acre; in 1371-1390, from 1/7 to 1/6.
The price of most of their wants was then from 1/8 to 1/12
as high as in _A. Young's_ time, and wages ¼ as high.
(_Rogers_, I, 306, 271, 691.) The great earthquake in
Calabria, in 1783, produced similar effects. (_Galanti_, N.
Beschreiburg von Neapel, I, 450.) Compare _Jesaias_, 13, 12.
On the other hand, depopulation caused by unfortunate wars
is not very favorable to the rate of wages; instance,
Prussia in 1453 ff., after the Polish struggle, and Germany,
after the Thirty Years' War.]
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