To this view of consumption, it will be my continual endeavor to lead
the protectionists; for in this is the end of all my efforts, the
solution of every problem. I must continually repeat to them that
restriction, by impeding commerce, by limiting the division of labor, by
forcing it to combat difficulties of situation and temperature, must in
its results diminish the quantity produced by any fixed quantum of
labor. And what can it benefit us that the smaller quantity produced
under the protective system bears the same _nominal value_ as the
greater quantity produced under the free trade system? Man does not live
on _nominal values_, but on real articles of produce; and the more
abundant these articles are, no matter what price they may bear, the
richer is he.
XII.
DOES PROTECTION RAISE THE RATE OF WAGES?
Workmen, your situation is singular! you are robbed, as I will presently
prove to you.... But no; I retract the word; we must avoid an
expression which is violent; perhaps indeed incorrect; inasmuch as this
spoliation, wrapped in the sophisms which disguise it, is practiced, we
must believe, without the intention of the spoiler, and with the consent
of the spoiled. But it is nevertheless true that you are deprived of the
just compensation of your labor, while no one thinks of causing
_justice_ to be rendered to you. If you could be consoled by noisy
appeals to philanthropy, to powerless charity, to degrading alms-giving,
or if high-sounding words would relieve you, these indeed you can have
in abundance. But _justice_, simple _justice_--nobody thinks of
rendering you this. For would it not be _just_ that after a long day's
labor, when you have received your little wages, you should be permitted
to exchange them for the largest possible sum of comforts that you can
obtain voluntarily from any man whatsoever upon the face of the earth?
Let us examine if _injustice_ is not done to you, by the legislative
limitation of the persons from whom you are allowed to buy those things
which you need; as bread, meat, cotton and woolen cloths, etc.; thus
fixing (so to express myself) the artificial price which these articles
must bear.
Is it true that protection, which avowedly raises prices, and thus
injures you, raises proportionably the rate of wages?
On what does the rate of wages depend?
One of your own class has energetically said: "When two workmen run
after a master, wages fall; when two masters run after a workman, wages
rise."
Allow me, in more laconic phrase, to employ a more scientific, though
perhaps a less striking expression: "The rate of wages depends upon the
proportion which the supply of labor bears to the demand."
On what depends the _demand_ for labor?
Public-domain text, read in full here on John Shaqi.
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