Universal Prosperity How to Attain It As a People

Cover Universal Prosperity How to Attain It As a People
Universal Prosperity How to Attain It As a People
Edward Wenning
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The re- marks about the working-men's wages may, therefore, apply almost equally to the wages of the farmers, the price of farm products.
Waste in production is as yet no serious evil. If I operate a factory wherein, for any reason, say because of hand labor, the product costs more than if made by machinery, it is the source of no evil, inasmuch as the amount of the cost, whatever it is, has been paid into the community through the employees, and thus the community is able to buy it back. Were
...machinery employed, there would have been as much less paid into the community as the cost, and therefore the selling price, of the goods is less. The problem of produc- tion per se is, therefore, a wholly subordinate one for present purposes. So long as present distributive arrangements endure, no tamper- ing with productive arrangements can yield any substantial benefit. In fact, it yields evil. It intensifies evils. The economizing of production is the direct cause of the num- ber of unemployed.

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