FREE BOOKS

Author's List




PREV.   NEXT  
|<   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69  
70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   >>   >|  
ledge, and of ethical, social and domestic habits."[26] Secondly, the tide of immigration and emigration. The conditions which are summarized under the first heading govern the supply of labor in many different ways. They govern the length of the working day; they settle the regularity of work. They determine the number of the members of the family that seek work. They regulate the ages of entrance into industry and retirement from industry. They tend to govern the rate of growth of the population--both through the birth and the death rate. It should be clearly understood, however, that many of these habits or conditions are themselves, in a measure, a function of the level of production and of earnings. For example, the state of knowledge within a community is to-day very considerably affected by the financial support of education--by the amount the community can (as well as does) spend upon it. The importance of immigration and emigration is firstly, the addition or subtraction thereby made to or from the supply of labor, and, secondly, the influence of the immigrants upon those habits of the community, which in turn affect the supply of labor. 10.--The third of the forces quoted earlier in the chapter, as among those which play a constant and important part in the determination of wages, is the relative plenty or scarcity of different kinds of labor. The statement of this force acknowledges the existence of facts which up to this point have been barely recognized. It calls attention to the existence of considerable differences in the levels of earnings of different groups or kinds of labor. It suggests also that the relative plenty or scarcity of the different kinds of labor is the chief explanation of these wage differences. We shall investigate at some length the causes of these differences in the next chapter. Before going on to that subject, however, it is well to trace out the connection between the idea of "a general rate of wages" as it has been held, and the existence of different wage levels. The idea of a general rate of wages, as it appears in economic theory, rests upon certain broad assumptions. One of the most important of these is that there are no "differences of inborn gifts," which would lead to a limitation of the flow of labor into the upper grades, and thus lead to a separation of grades. A second important assumption is that of complete mobility of labor--no obstacles of habit, expense or
PREV.   NEXT  
|<   45   46   47   48   49   50   51   52   53   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69  
70   71   72   73   74   75   76   77   78   79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   >>   >|  



Top keywords:

differences

 
community
 

supply

 

govern

 

habits

 

important

 
existence
 

plenty

 

levels

 
relative

chapter

 
industry
 

earnings

 

scarcity

 
general
 
immigration
 
grades
 

emigration

 

conditions

 
length

attention

 

considerable

 

recognized

 

separation

 

suggests

 

groups

 

complete

 
assumption
 

mobility

 

obstacles


expense
 
statement
 
acknowledges
 

barely

 

determination

 
connection
 
appears
 

economic

 

assumptions

 

theory


inborn

 
investigate
 

limitation

 

subject

 

Before

 

explanation

 

firstly

 
retirement
 

growth

 
entrance