Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
Estimated in silver, the East Indian laborer earns from £1
to £2 a year; the English, £9 to £15; the North American,
£12 to £20. (_Senior._) _Hildebrand_, Nat-Oek., I, 195 ff.,
assures us that the average rate of wages in Germany, in
1848, amounted to 400 thalers a year; in England, to 300
thalers; and that the prices of the means of subsistence in
the latter country were 1½ times higher than in the
former. _Engel_, Ueber die arbeitenden Klassen in England,
1845, shows only the dark side of a real picture, and is
silent on the other, and is well corrected by _Hildebrand_,
I, 170 ff. Excellent statistics in _Sir F. M. Eden_, State
of the Poor, I, 491-589. On the more recent times, compare
the Edinburgh Review, April, 1851, April, 1862; Quarterly
Rev., Oct., 1859, July, 1860. _Ludlow_ and _Jones_, loc.
cit. On the situation in France, see _Blanqui's_ report in
the Mémoires de l'Académie des Sciences morales et
politiques, II, 7. _Leplay_, Les Ouvriers des deux Mondes,
II, 1858. Very important are the "Reports from Her Majesty's
diplomatic and consular Agents abroad respecting the
Condition of the industrial Classes, and the Purchase-power
of money in foreign Countries." (1871.)]
SECTION CLXXV.
WAGE POLICY.--SET PRICE OF LABOR.
Among the artificial means employed to alter the existing rate of wages,
we may mention first, a rate of wages fixed by governmental authority.
These have, in many places, constituted an intermediate step between
serfdom and the free wage-system. In most cases, this measure was
intended in the interest of the upper classes to prevent the lower
obtaining the full advantage of their freedom under the favoring
circumstances of competition.[175-1] In later times, another cause has
frequently been added to this, viz.: by diminishing the cost of
production to increase foreign sales. (See § 106.) In the higher stages
of civilization, nations will scarcely look with favor on the diminution
of the rightful, for the most part, individually small gains of the most
numerous, the poorest and most care-worn class of the community.[175-2]
The purchasers of labor would, in consequence, be badly served, since
they would have lost the possibility of obtaining better workmen by
paying higher wages. Hence, there would, probably, be none but mediocre
labor to be found.[175-3] On the other hand, fixed rates which keep
within the limits described in § 114 are, under certain circumstances,
desirable. This is especially the case where the purchasers of labor on
the one hand, and the buyers of labor on the other, have formed
themselves into united groups, and where the rate fixed is only in the
nature a treaty of peace under governmental sanction, when a war over
prices had either broken out actually or there was danger to fear that
one would break out. It must not be forgotten, that thus far common
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account