Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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246 POLITICAL ECONOMY know of a better way of making a living, or, if they do, how to fit themselves for it, when their circumstances or inertia do not bar escape from their miserable plight, as they so fre quently do. In addition, from the employing side, forces may come into play which tend to cause a down-drift of wages. Some employers may pay very low rates because they are grasping, or cannot pay more ; but, whatever the cause, low rates once paid anywhere are apt to bring down other rates. Even generous ly disposed employers may complain of unfair competition and feel themselves forced to follow suit ; and the influences on the side of supply which should drive the incapable employer out of the field are inoperative. Again, given the absence of an outbreak of under-pay anywhere, there is always the suspicion of its presence, and this alone helps to depress rates. Besides it must be remem bered that even when rates are not scandal ously low, earnings may be, because of the disorganisation of the work, which means that people are frequently under-employed, though frequently rushed, and that their time is wasted in more ways than one. And as things are, there is a vicious circle of cause and effect always working harm. The poorer out workers become, the weaker becomes their

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