Factory Act Legislation Its Industrial And Commerical Effects Actual And Prosp

Cover Factory Act Legislation Its Industrial And Commerical Effects Actual And Prosp
Factory Act Legislation Its Industrial And Commerical Effects Actual And Prosp
Victorine Jeans
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" Political economists are emphatic in their conclusion that the effect of the Factory Acts has been undoubtedly to raise the real wages of the working classes as a whole. " But there are two parts to every wages problem. First we must ask, What effect has such and such a measure on the rate of wages ? And secondly, What effect had it on the number of those employed? Naturally there is a close connection between these two questions ; but they are not absolutely dependent the one on the other. T...he answer to the one is not determined entirely by the answer to the other. It is quite possible for an increase to be effected in the rate of wages, without a corresponding increase taking place in the number of workpeople. If it is an incon- testible fact that during the last forty years a great rise has taken place in the rate of 'wages ', it is no less certain that the increase of pro- FA CTOR Y ACT LEGISLA TION. 45 duction has not been accompanied by a pro- portionate increase in the numbers employed.

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