Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of WealthGeorge, Henry
General
Progress and Poverty, Volumes I and II: An Inquiry into the Cause of Industrial Depressions and of Increase of Want with Increase of Wealth
George, Henry
Economics; Single tax
Compare the same country in different times, and the same relation
is obvious. As the result of much investigation, Hallam says he is
convinced that the wages of manual labor were greater in amount in
England during the middle ages than they are now. Whether this is so
or not, it is evident that they could not have been much, if any,
less. The enormous increase in the efficiency of labor, which even
in agriculture is estimated at seven or eight hundred per cent., and
in many branches of industry is almost incalculable, has only added
to rent. The rent of agricultural land in England is now, according
to Professor Rogers, 120 times as great, measured in money, as it
was 500 years ago, and 14 times as great, measured in wheat; while
in the rent of building land, and mineral land, the advance has been
enormously greater. According to the estimate of Professor Fawcett,
the capitalized rental value of the land of England now amounts to
£4,500,000,000, or $21,870,000,000—that is to say, a few thousand of
the people of England hold a lien upon the labor of the rest, the
capitalized value of which is more than twice as great as, at the
average price of Southern negroes in 1860 would be the value of her
whole population were they slaves.
In Belgium and Flanders, in France and Germany, the rent and selling
price of agricultural land have doubled within the last thirty
years.[43] In short, increased power of production has everywhere added
to the value of land; nowhere has it added to the value of labor; for
though actual wages may in some places have somewhat risen, the rise
is clearly attributable to other causes. In more places they have
fallen—that is, where it has been possible for them to fall—for there
is a minimum below which laborers cannot keep up their numbers. And,
everywhere, wages, as a proportion of the produce, have decreased.
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