Speech of Hon Reuben Davis of Mississippi On the State of the Union in the H
Speech of Hon Reuben Davis of Mississippi On the State of the Union in the H
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The labor thus employed costs §100, 000, and it pro- duces $100, 000 of fabric. The laborer has been paid. Now, by the aid of the tariff, the capitalist is enabled to add fifty per cent, to this $100, 000 of fab- ric, making its consumable value $150, 000. Now, who gets the benefit of the $50, 000 thus added? Not the laborer; his wages are not increased; he has received his wages before this addition is made. It is the capitalist. Who is injured. ' The laborer; because he must consume, and cons...ume a portion of this very fabric, and is compelled to pay this fifty per cent, without ^any increase in the utility of the article since it came from his hands; be- cause this fifty per cent, does not increase the util- ity of the article, but only its cor. Sumable value But suppose you tell me that the capitalist, by having the power to add this fifty per cent. , is enabled thereby to increase the wages of the la- borer: still the increase in the consumable value is far greater than in the wage% and the laborer is injured.
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To quickly assess the difficulty of the text, read a short excerpt:
The labor thus employed costs §100, 000, and it pro- duces $100, 000 of fabric. The laborer has been paid. Now, by the aid of the tariff, the capitalist is enabled to add fifty per cent, to this $100, 000 of fab- ric, making its consumable value $150, 000. Now, who gets the benefit of the $50, 000 thus added? Not the laborer; his wages are not increased; he has received his wages before this addition is made. It is the capitalist. Who is injured. ' The laborer; because he must consume, and cons...ume a portion of this very fabric, and is compelled to pay this fifty per cent, without ^any increase in the utility of the article since it came from his hands; be- cause this fifty per cent, does not increase the util- ity of the article, but only its cor. Sumable value But suppose you tell me that the capitalist, by having the power to add this fifty per cent. , is enabled thereby to increase the wages of the la- borer: still the increase in the consumable value is far greater than in the wage% and the laborer is injured.
What to read after Speech of Hon Reuben Davis of Mississippi On the State of the Union in the H?
You can find similar books in the "Read Also" column, or choose other free books by Reuben Davis to read onlineMoreLess
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