The Evolution of Modern Capitalism: A Study of Machine ProductionHobson, J. A. (John Atkinson)
History
The Evolution of Modern Capitalism: A Study of Machine Production
Hobson, J. A. (John Atkinson)
Capitalism; Industries -- History; Machinery in the workplace
"High wages, instead of leading to thankfulness of temper and
improvement of mind, have, in too many cases, cherished pride
and supplied funds for supporting refractory spirits in
strikes wantonly inflicted upon one set of mill-owners after
another throughout the several districts of Lancashire for the
purpose of degrading them into a state of servitude."
(_Philosophy of Manufactures_, p. 366.)
So again (p. 298):--"In fact, it was their high wages which enabled
them to maintain a stipendary committee in affluence, and to pamper
themselves into nervous ailments by a diet too rich and exciting for
their indoor occupation."
The experiments of Robert Owen in raising wages and shortening
hours in his New Lanark mills failed utterly to convince his
fellow-manufacturers that a high standard of comfort among the workers
would bring a correspondent rise in working efficiency.
The history of the early factory system, under which rapid fortunes
were built out of the excessive toil of children and low-skilled adult
workers paid at rates which were, in many instances, far below true
"subsistence wages," furnished to the commercial mind a convincing
argument in favour of "cheap labour," and set political economy for
half a century at war with the rising sentiments of humanity.[227]
Even now, the fear frequently expressed in the New World regarding the
"competition of cheap labour" attests a strong survival of this
theory, which held it to be the first principle of "good business" to
pay as low wages as possible.
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