Untersuchungen über die Theorie des Preises

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Monograph

Identifikator:: 82998786X

URN:: urn:nbn:de:zbw-retromon-41040

Document type:: Monograph

Author:: Auspitz, Rudolf

Title:: Untersuchungen über die Theorie des Preises

Place of publication:: Leipzig

Publisher:: Duncker & Humblot

Year of publication:: 1889

Scope:: 1 Online-Ressource (XXXI, 555 S.)

Collection:: Economics Books

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164 INDUSTRIAL REVOLUTION AND WAGES of labor; wages may be very low, and yet the labor be so inefficient, from causes previously explained, that the cost of labor may be extremely high. The English contractors who made the French railways could have engaged any number of French laborers at one-half the wages that were paid to English navvies; but so superior is the physical strength of an Englishman, that it was proved that one English navvy would do as much work as two French laborers. In this case, therefore, the cost of French labor would be as great as the cost of English labor, altho the wages of the English laborer were twice as great as those paid in France. The chairman of the Birmingham Chamber of Commerce lately asserted that formerly the district round that town made nearly all the locks which were used throughout the world ; but that at the present time the industrial appliances of America were so superior to our own, that America imported the metal of which locks are made from Stafford- shire, and exported the manufactured locks to England, underselling us in our own market. Upon inquiry it is found that all the reasons which are given to account for this superiority of American industry, either directly or indi- rectly, arise from the imperfect education of our people. Altho higher wages are paid in the United States than in England, yet labor is said to be less costly in the former country, because the workmen there possess a quicker intel- ligence, greater ingenuity, and are more ready to avail them- selves of improved mechanical appliances. The following quotation from the writings of J. Schoen- hof is practically the same as the doctrine of our present- day industrial statesmanship. He said :! . + « Tho cheap labor gets less remuneration per diem, its cheapness is no saving to the employers. More hands are required to do the same amount of work that better-paid labor does at the same cost. It is a fortunate sign of the times that we are at last 1 “The Economy of High Wages,” J. Schoenhof; Putnam, New York, 1892; pp. 22, 31, 35, 63-65.

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Object: The new industrial revolution and wages

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