The Principles of Economics, with Applications to Practical ProblemsFetter, Frank A. (Frank Albert)
General
The Principles of Economics, with Applications to Practical Problems
Fetter, Frank A. (Frank Albert)
Economics
3. _The increased proportion of workers in the higher occupations means
a further rise in the average condition of the masses._ A smaller
proportion of workers is now engaged in the low-paid industries than
fifty years ago, and a correspondingly larger proportion is in the
better, or highly paid, industries. Decade by decade the proportion
shifts toward the upper part of the scale. Both in America and in
England (doubtless also in other countries) more men are now engaged in
the higher professions and skilled occupations, a smaller proportion in
the lower occupations. This would raise the average of wages even if the
wages of particular occupations had not risen.
[Sidenote: The masses gain by general social advance]
4. _The diffused advantages of progress mean relatively more to the
masses than to the rich._ In the olden days the poor man was bound to
the spot where he lived, the rich man had his carriage; to-day poor and
rich ride side by side in the trolley car. The introduction of these
cheap methods of enjoyment means relatively more to the poor. Better
medical care, better sanitation, more abundant food, clothing, comfort,
free schools, and libraries have all a part in this movement. The
enormous possibilities in these lines are just beginning to be realized.
The achievements of the last twenty years read like a story from
fairy-land. It tells the leveling up of the conditions enjoyed by the
common man.
[Sidenote: Better social conditions must grow out of the wage system]
[Sidenote: Improvement in the wage system]
5. _Any sound method of improving social conditions must grow out of
experience, not break with it._ Even if things were on the downward
instead of the upward road there would be no excuse for wild
speculation. The only rational way is to find what is good in what is,
and build upon it. There can be no excuse for suggesting a method from
imagination. Projects of social change must be tried by successful
experiment, and gradually fitted to present needs. It is in this way
that the higher forms of life have developed; it is in this way that
social and political institutions have come into being. Things that work
successfully first in a small way are worthy of trial on a larger scale.
The wage system is a favorite object of attack for radical social
reformers. It has many unlovely features and there are many individual
cases of hardship. It may well be asked, What method shall be pursued to
reform it? Its retention, however, is not inconsistent with very great
changes in the present political and economic arrangements. The
impersonal economic forces are working for improvement; but further,
there is a growth of sentiment, an increase in sympathy, a feeling among
men that the "cash nexus" is not the only bond that should unite
different classes, and this sympathy is becoming an economic force,
softening and improving many of the most unlovely features of the modern
wage system.
CHAPTER 26
MACHINERY AND LABOR
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