Thursday, May 9, 2013

ON MINIMUM WAGE BY SOME OLD WHITE GUY

If it be said that their wages are too low, and that they ought to be better paid for their labour, I heartily wish any means could be fallen upon to do it, consistent with their interest and happiness; but as the cheapness of other things is owing to the plenty of those things, so the cheapness of labour is, in most cases, owing to the multitude of labourers, and to their underworking one another in order to obtain employment. How is this to be remedied? A law might be made to raise their wages; but if our manufactures are too dear, they will not vend abroad, and all that part of employment will fail, unless by fighting and conquering we compel other nations to buy our goods, whether they will or no, which some have been mad enough at times to propose.

http://www.historycarper.com/1768/04/01/on-the-labouring-poor/

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