On Wages And Combination

Cover On Wages And Combination
On Wages And Combination
R Robert Torrens
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From all that has been said, it must be appa- rent, that an effectual combination for the reduc- tion of wages can never by possibility exist. In the first place, such a combination could not be established ; and, in the second place, if it could be established, it could not be maintained. If Digitized by Google 56 not immediately broken up, by productive ad- vances, made from income, or by the importation of capital from abroad, it would speedily perish by self-destruction; and its evil influe
...nce, after having for a time afflicted the labouring classes, would recoil upon the insane conspirators, lower- ing, instead of raising, the rate of profit, and elevating, instead of depressing, wages.
Digitized by Google CHAPTER IV.
ON THE EFFECT OF COMBINATIONS FOR RAISING WAGES.
In a country not depending upon foreign markets, Combinations may raise Wages to their maxi- mum, provided the supply of labour do not increase.
The labouring classes form the great majority of every community, and, as has been already observed^ a country must be considered as happy or miserable, in proportion as those classes are abundantly or scantily supplied with the necessaries and comforts of life.


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