The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
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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
It is certainly understood that all products, while reaching the “points
of final consumption,” rise in their value, on account of the enormous
earnings derived from them by the speculators in the products of human
energy, while they move these products by the cheapest possible labor of
millions of employees, under the principle of dividogenesure. The rising
of their value is, of course, inevitable from beginning to end. For as
the raw materials, or the products of any kind, continue to acquire
their consumable state in the hands of the operators, more and more
energy is being spent upon them or added to them. And it is just and
meet that the persons who thus add their energy to the products should
be paid for it, whether engaged in the factory, in the plant, in
transportation or in the final distribution among consumers.
Yet what do we find? We find that the 38,837,849[82] slaves of
dividogenesure, who work in the whole field of production and
distribution, are losing a great amount [SN: THEY LABOR FOR LESS THAN
THE DUE.] of their energy in favor of about one million[82] families
that employ them for less payment than these families finally derive
from the results of the labor energy of these employees. By “less
payment” I mean that net profit which is called the undue concentration
of the producers’ wealth in the employer’s hands; and I mean what is
absolutely due to the laborers and not what is undue. The facts of the
undue concentration of wealth in the hands of these few families will be
shown in chapter VI.
If we now regard one million families of the wealthy group of one of the
tables[83] as the employers [SN: THE RATES OF INCOMES.] of the
38,837,849 propertyless and the propertied poor, the daily injustice of
the million families will be expressed in their daily incomes from every
individual as follows:
Obtaining daily from each individual worker:
1c. they derive $ 388,378.48
2c. „ „ 776,756.96
3c. „ „ 1,165,135.44
4c. „ „ 1,553,513.92
5c. „ „ 1,941,892.40
6c. „ „ 2,330,270.88
7c. „ „ 2,718,649.36
8c. „ „ 3,107,027.84
9c. „ „ 3,495,406.32
10c. „ „ 3,883,784.80
11c. „ „ 4,272,163.28
12c. „ „ 4,660,541.76
15c. „ „ 5,825,677.20
20c. „ „ 7,767,569.60
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