This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1860 Excerpt: ...weavers. It was intended to protect the interests of the operatives; but in twenty years four thousand looms were standing idle, and the hands were out of work and wages both. Strikes among workmen illustrate the same suicidal policy of attempting to compel one class to conform to the will of another, and to take the ...
Read More
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1860 Excerpt: ...weavers. It was intended to protect the interests of the operatives; but in twenty years four thousand looms were standing idle, and the hands were out of work and wages both. Strikes among workmen illustrate the same suicidal policy of attempting to compel one class to conform to the will of another, and to take the course of demand and supply in employment out of its natural channels. Labor depends on capital. Strikes diminish the capital by suspending the work. Of course they diminish, the further they go, the means of raising wages, and defeat their own object. It is the industry of the working classes that increases the prosperity of the employer, and thus the workman's own wages. Each helps the other. In seasons of pressure, when the markets are dull, and goods too plenty, the manufacturing company are obliged to contract their operations. If the operatives will take up, temporarily, with reduced pay, both survive, though both suffer. But if the operatives refuse, then the mills stop, and all alike may be crushed. The recognition of those laws of reciprocal harmony and interdependence, which bind the several trades and professions together, is a matter of profound importance, not only to our philosophy of Reform, but to our personal conduct, especially in periods of financial distress, and our general practical applications of the principles of political economy. It explodes if it does not silence much of the fallacious and illogical exhortation which springs to the lips of superficial moralists, in "Hard Times," about retrenchment in expenditure. Precisely because the different employments of Society do thus depend on each other, the duty of wise men, when any of them are embarrassed, is to keep the rate of expenditure as nearly as possible...
Read Less
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.