Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm LifeFairchild, Geo. T. (George Thompson)
Science
Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life
Fairchild, Geo. T. (George Thompson)
Agriculture -- Economic aspects; Economics
These are only illustrations of what happens in every calling when
circumstances stimulate excessive competition. Relief can come only from
larger range of satisfactory employment and a clearer distinction in favor
of genuine wage-earners and genuine employers among the mass of the
people. The customs of society have a much stronger influence upon the
life of women in steady employments than upon that of men. A thoroughly
enlightened community can do much to enlarge the sphere of such women as
are naturally wage-earners, by proper encouragement of their enterprise.
_Fluctuation of wages._—Wages in every employment are just as naturally
subject to fluctuation under the law of supply and demand as are prices of
commodities. Whatever operates to increase the number seeking employment,
or to diminish the amount of employment open to competition, reduces the
wages. Whatever increases the opportunity for employment, or diminishes
the number of persons seeking employment, increases the wages. This is
well illustrated in the cost of harvest hands in a year of large crops as
compared with a year of small crops. Any financial disturbance, checking
the building of railroads and other great enterprises, brings multitudes
of would-be farm hands to compete with those who naturally follow farming.
On the other hand, the introduction of factories or mining industries has
sometimes affected directly the wages of farm hands through a large region
by lessening competition.
_Upward tendency of wages._—It is certain that the general tendency of
wages in all employments is upward rather than downward, in spite of
serious disturbances from financial depression often repeated. The gradual
increase of welfare among wage-earners is greater even than the increase
in money wages. Those who are inclined to join in the cry that the former
times were better than these can be answered as they were in Solomon’s
time, “Thou dost not inquire wisely concerning this.” No doubt the
transition from small workshops to large ones and from small factories to
great combinations has caused friction in adjustment to the new
conditions. Many are now wage-earners who were once profit-gainers. But
with the improvements in association and a clearer understanding of
abilities and needs, each worker becomes a stronger factor than ever
before in bringing about a fair competition and a satisfactory
compensation.
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