The Theory and Policy of Labour Protection — John Shaqi
The Theory and Policy of Labour ProtectionSchäffle, A. (Albert)
General
The Theory and Policy of Labour Protection
Schäffle, A. (Albert)
Labor laws and legislation -- Germany
Now no one can say exactly what proportion the profits and interest of
industrial capitalists bear to the wages of the workmen; if one were to
deduct what the mass of small and middle-class employers derive from the
work of their assistants (as distinct from what they draw from their
capital) the industrial rent--in spite of numbers of enormous
incomes--would probably not represent the large sum it is supposed to
be. Hence it is very doubtful whether it would be possible to obtain the
necessary sum out of profits.
Even if this were possible, it is by no means certain that the wage war
between Labour and Capital would succeed in obtaining so great a
reduction of industrial profits and interest, still less within any
short or even definitely calculated limit of time. Some amount of
capital might lie idle, or might pass out of Europe; or again, Capital
might conquer to a great extent by means of combination; or it might
turn away from its breast the pistol of the maximum working-day by
limiting production, _i.e._ by employing fewer labourers than before. It
might induce a rise in the price of commodities, which would diminish
"real" wages instead of raising them or of leaving them undiminished.
But even if Capital found it necessary in consequence of the legal
enforcement of the eight hours day to employ a larger number of workers,
it might draw supplies to meet this expense partly out of the countries
which had not adopted the eight hours day, partly out of agricultural
industry and forestry, and after half a generation, out of the increase
in the working population. Capital would also make every effort to
accomplish in a shorter time more than hitherto by exacting closer work
and stricter control, and by introducing more and more perfect
machinery.
With all these possibilities the eight hours day will not necessarily,
suddenly, and in the long run, increase the demand for labour to such a
degree that the employer will need to draw upon his interest, profits,
and ground rents for a large and general rise of wages, or for the
maintenance of the former rate of wage. At least, the contrary is
equally possible, and perhaps even highly probable.
Such an increased demand for labour would indeed ensue if the growth of
population were to be permanently retarded. But that it should be so
retarded is the very last thing to be expected under the conditions
supposed, viz. a general increase of "real" wages, which would obviously
render it more easy to bring up a family.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account