Essay On The Rate Of Wages; With An Examination Of The Causes Of The Differences In The Condition…

Paperback | January 10, 2012

byHenry Charles Carey

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1835. Not illustrated. Excerpt: ... CHAPTER XIV. It has been seen that the United States are comparatively free from those disturbing causes which impede the growth of capital. With a vast body of land; with mines of gold, lead, iron, copper, and coal, abounding in every direction; circulating capital alone was wanting to bring them into activity, and the system has tended to promote its rapid growth. Secure in person and property, comparatively free from taxation, unrestrained in action, comparatively so in all matters of trade, and very industrious, the people of this country, applying their labour in the way which they think will produce the largest reward, find their capital rapidly augment; the consequence of which is, that mines are opened in all directions, new lands are brought into cultivation, rail-roads and canals are constructed, and machinery is applied in every way to increase the produce of labour. Capital flows from all quarters to this country, where it can be best paid for, and, increasing the demand for labour, finds employment not only for the vast natural increase of population, but for great numbers who are led to seek here an improvement of their condition. The fund out of which the labourer is paid is larger, and his wages are consequently greater, than in any other country. It is in a very high degree satisfactory to see that this arises out of circumstances peculiar to the United States, and that there is no reason to believe that any increase which may take place in the extent of their population can make it otherwise, while adhering to the present system. The following remarks of Mr. Senior on the subject of the high rate of wages in England, as compared with the nations of the continent of Europe, apply with still greater force to this country. In corroboration of them...

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1835. Not illustrated. Excerpt: ... CHAPTER XIV. It has been seen that the United States are comparatively free from those disturbing causes which impede the growth of c...

Format:PaperbackDimensions:78 pages, 9.69 × 7.44 × 0.16 inPublished:January 10, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217711553

ISBN - 13:9780217711555

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