The Elements of Political Economy, With Some Applications to Questions of the Day

Cover The Elements of Political Economy, With Some Applications to Questions of the Day
The Elements of Political Economy, With Some Applications to Questions of the Day
J Laurence James Laurence Laughlin
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They get stolidly accustomed to a certain kind of existence, and rarely care for anything better. A most promising sign would be dissatisfaction with their condition (accompa- nied with some understanding as to the means of bettering it). When, for any reason, wages rise, and this kind of la- borer gets the means of living more comfortably, the re- sult generally is an increase of numbers, so that the greater number can live at nearly the old level, instead of the for- mer number rising to a re...ally higher level. Increased wages will almost invariably result in increasing the sup- ply of unskilled labor. If, on the other hand, wages fall, 228 DISTRIBUTION.
numbers are lessened by the sad effects of want, of dis- ease, and often of crime; or at least the growth of num- bers is checked. Anything which affects the opinions and habits of this class, and raises the standard of living,* causes their children to become healthier, better educated, and more efificient workmen in the next generation.


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