Inhaltsangabe
Excerpt from Economics: Lesson 13
Since that grievous time which followed the invention of machinery and its introduction into general use, the course of wages has been on the whole upward. In England, for instance, money wages increased 791 per cent. Between 1850 and.1910, and real wages (purchasing power of the money wages), increased 69 per cent.
It 18 also to be noted that wages, while increasing, must naturally bear a diminished proportion to the whole pro duct. Of labour. This is necessarily the case, because the more a country gains in industrial skill and development, the. Larger becomes the average capital per workman: As interest on that larger capital, the man who advances it must have an increase in his share of the product. Thus in 1900 the wages and salaries of those employed in manu factures in Canada amounted to per cent. Of the total net product. In 1910 they have sunk to per cent. While the percentage of the net product going to wage earners has declined, the actual amount of wages has, as we have seen, greatly increased.
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Paperback. Zustand: New. Print on Demand. This book explores the concept of wages from a comprehensive economic perspective. It traces the historical evolution of wage-earning classes and delves into the major theories of wages, including the Subsistence, Productivity, and Wage-Fund theories. The author analyzes the interplay of supply and demand, cost of production, bargaining power, and productivity in determining wage rates. The book also examines the role of trade unions and wage-earners' efforts to increase their wages through limiting labor supply and influencing demand for their products. By providing a thorough understanding of wage theories, the book highlights their significance in shaping the economic landscape and labor relations throughout history. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9780365666257_0
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