The fundamental fact is that the demand for the product of labor is
ordinarily subject to indefinite increase. If labor is economized in one
direction, the power dispensed with will be utilized in another
direction. The community income of economic goods is a flow. Under our
present system of division of labor each individual uses his share of
the product (which he measures in terms of money) to buy the particular
commodities, or to make the particular investments he desires. If he
gets some commodities cheaper than formerly, he will buy more, or buy
commodities he had not been able to buy hitherto or increase his
investments. The demand of the community for the product of labor in
general will ultimately keep pace with the supply of the product.
Economies in production throughout the whole industrial field mean that
there will be more commodities to be shared out.
Thus, in spite of the fact that there may be, and often are, serious
breaches of interest between particular groups of wage earners and
society as a whole on the matter of increased production, there can be
but one sound policy for labor as a whole. That is to strive to increase
production up to a point where further effort would entail a sacrifice
of welfare more important than that which the extra product might
represent.
Such general theoretical propositions as the above, however, will never
be sufficient to persuade particular groups of wage earners to take a
different view of the interests involved. It is easy to understand
Carlyle's contempt for the smug complacency with which such propositions
have often been put forward, when he wrote, "New Poor Law: Laissez
faire, laissez passer! The master of horses, when the summer labor is
done, has to feed his horses through the winter. If he said to his
horses: 'Quadrupeds, I have no longer work for you; but work exists
abundantly over the world: you are ignorant (or must I read you
Political Economy pictures) that the steam engine always in the long-run
creates additional work? Railways are forming in one quarter of this
earth, canals in another, much cartage is wanted; somewhere in Europe,
Asia, Africa and America, doubt it not, ye will find cartage, and good
go with you!' They with protrusive upper lip snort dubiously;
signifying that Europe, Asia, Africa and America be somewhat out of
their beat: that what cartage may be wanted there is not too well known
to them. _They_ can find no cartage. They gallop distracted along
highways, all fenced in to the right and to the left. Finally under
pains of hunger, they take to leaping fences; eating foreign property,
and--we know the rest."
Public-domain text, read in full here on John Shaqi.
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