Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
wages paid in young colonies are frequently made temporarily
still higher, by a large influx of capital in the shape of
money, brought by emigrants, and by government outlays.
Thus, in Van Diemen's land, for instance, in 1824,
carpenters, masons, etc. got 12 shillings a day; in 1830,
10; in 1838, only from 6 to 7, although between 1830 and
1838, the export trade of the island trebled while the
population scarcely doubled. (_Merivale_, On Colonies, II,
225.)]
[Footnote 172-4: As to how many workmen in the eastern part
of North America buy land in the west, and so threaten their
employers with immediate emigration, see _Brentano_,
Arbeitergilden, II, 131. However, in Massachusetts, women's
wages are in many instances so low that, considering the
dearness of the means of subsistence, it is almost
impossible to understand how they exist. (Statist. Journal,
1872, 236 ff.)]
SECTION CLXXIII.
HISTORY OF THE WAGES OF COMMON LABOR.--IN FLOURISHING NATIONS.
A permanently[173-1] high rate of wages[173-2] is, both as cause and
effect, very intimately connected with a flourishing condition of
national life. It proves on the one hand, great productiveness of the
public economy of the people generally: prudence, self-respect and
self-control, even of the lowest classes, virtues, which, however, are
found, on the whole, only where political liberty exists, and where the
lowest classes are rightly valued by the higher.[173-3] On the other
hand, it produces a condition of the great majority of that portion of
the population who have to support themselves on the wages they receive,
worthy of human beings, a condition in which they can educate their
children, enjoy the present and provide for the future. Equality before
the law and participation in the affairs of government are empty
phrases, and even tend to inflame the passions, where the rate of wages
is not high. When the lower classes are dissatisfied, in highly
civilized countries, with the sensitiveness and mobility of the whole
national life, there can be no certainty of the freedom of the middle
classes or of the rule of the upper. Here, in other respects, also, the
philanthropy of employers harmonizes remarkably well with their
reasonable self-interest. According to § 40, only the well-paid workman
can accomplish anything really good, just as, conversely, only the good
workman is on the whole, and in the long run, well paid. This suggests
the physiological law, that where muscular activity is great, nutrition
must be great, likewise; and the rapid waste and repair of tissues
strengthens the muscles and gives tone to the whole physical life. With
a correct insight into the relations of things, antiquity described its
greatest worker, Herakles, as a great eater also. A well-paid workman,
who costs and accomplishes as much in a day as two bad ones, is cheaper
than they.
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