The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
The productivity of these people may be exemplified by the following
reports:
“Mr. Mulhall, in the ‘North American Review,’ for June, 1895, says:
“An ordinary farm-hand in the United States raises as much grain as
three in England, four in France, five in Germany, or six in [SN:
PRODUCTIVITY OF FARMERS.] Austria, which shows what an enormous waste of
labor occurs in Europe, because farmers are not possessed of the same
mechanical appliances as in the United States.” (Enc. of Soc. Ref. p.
1093.)
“Mr. Edward Atkinson gives the following statements on the industrial
productivity of the United States.” He says:
“One thousand barrels of flour, the annual ration of 1,000 people, can
be placed in the city of New York from a point 1,700 or [SN: 7 PERSONS
SERVE 1,000 WITH BREAD.] 2,000 miles distant with the exertion of human
labor equivalent to that of only four men, working one year in
producing, milling and moving the wheat. It can then be baked and
distributed by the work of three more persons, so that seven persons
serve 1,000 with bread.”[73]
“The average crop of wheat in the United States and Canada would give
one person in every 20 of the population of the globe a [SN: ENOUGH TO
FEED THE WORLD.] barrel of flour in each year, with enough to spare for
seed. The land capable of producing wheat is not occupied to anything
like one-twentieth of its extent. We can raise grain enough on a small
part of territory of the United States to feed the world.”[74]
“The general conclusion at which I have arrived is that in the year
1880, the census year, [SN: GROSS INCOME IN YEAR 1880.] when the
population of the United States numbered a little over 50,000,000, the
annual product had a value of nearly, or quite $10,000,000,000 at points
of final consumption, including, at market prices, that portion which
was consumed upon the farm, but which was never sold. Omitting that
consumed upon the farm, it was about $9,000,000,000.”[75]
“At an average of 200 pounds per head in the United States, the largest
consumption of iron of [SN: ONE OPERATOR SERVES HUNDREDS WITH GOODS.]
any nation, we may yet find that the equivalent of one man’s work for
one year, divided between the coal-mine, the iron-mine and the
iron-furnace, suffices for the supply of 500 persons. One operator in
the cotton factory makes cloth for 250; in the woolen factory for 300;
one modern cobbler (who is anything but a cobbler), working in a boot or
shoe factory, furnishes 1,000 men or more than 1,000 women with all the
boots and shoes they require for a year.”[76]
These paragraphs sufficiently indicate the general capability of the
American people for production under the existing conditions.
Public-domain text, read in full here on John Shaqi.
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