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
The most carefully-conducted investigation has been that of Professor
Schulze-Gaevernitz, who, basing his arguments upon a close study of
the cotton industry, has related his conclusion most clearly to the
evolution of modern machine-production. The earlier evidence merely
established the fact of a co-existence between high wages and good
work, low wages and bad work, without attempting scientifically to
explain the connection. Dr. Schulze-Gaevernitz, by his analysis of
cotton spinning and weaving, successfully formulates the observed
relations between wages and product. He compares not only the present
condition of the cotton industry in England and in Germany and other
continental countries, but the conditions of work and wages in the
English cotton industry at various times during the last seventy
years, thus correcting any personal equation of national life which
might to some extent vitiate conclusions based only upon international
comparison. This double method of comparison yields certain definite
results, which Dr. Schulze-Gaevernitz sums up in the following
words:--"Where the cost of labour (_i.e._ piece wages) is lowest the
conditions of labour are most favourable, the working day is shortest,
and the weekly wages of the operatives are highest" (p. 133). The
evolution of improved spinning and weaving machinery in England is
found to be attended by a continuous increase in the product for each
worker, a fall in piece wages reflected in prices of foods, a
shortening of the hours of labour, and a rise in weekly wages. The
following tables, compiled by Dr. Schulze-Gaevernitz, give an accurate
statement of the relations of the different movements, taking the
spinning and weaving industries as wholes in England:--
SPINNING.
----------+-----------+-------------+---------+---------+------------
| Product | Number of | Product | Cost of | Average
| of yarn | workers | per | labour | yearly
| in | in spinning | worker | per lb. | wages.
| 1000 lbs. | mills. | in lbs. | |
----------+-----------+-------------+---------+---------+------------
| | | | s. d. | £ s. d.
1819-21 | 106,500 | 111,000 | 968 | 6 4 | 26 13 0
1829-31 | 216,500 | 140,000 | 1546 | 4 2 | 27 6 0
1844-46 | 523,300 | 190,000 | 2754 | 2 3 | 28 12 0
1859-61 | 910,000 | 248,000 | 3671 | 2 1 | 32 10 0
1880-82 | 1,324,000 | 240,000 | 5520 | 1 9 | 44 4 0[228]
----------+-----------+-------------+---------+---------+------------
WEAVING.
Public-domain text, read in full here on John Shaqi.
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