s above their natural
rate. While the price of corn rises 10 per cent., wages will always rise
less than 10 per cent., but rent will always rise more; the condition of
the labourer will generally decline, and that of the landlord will
always be improved.
When wheat was at 4_l._ per quarter, suppose the labourer's wages to be
24_l._ per annum, or the value of six quarters of wheat, and suppose
half his wages to be expended on wheat, and the other half, or 12_l._,
on other things. He would receive
L24.14. } { L4.4.8. } { 5.83 qrs.
25.10. } when wheat { 4.10. } or the { 5.66 qrs.
26.8. } was at { 4.16. } value of { 5.50 qrs.
27.8.6 } { 5.2.10 } { 5.33 qrs.
He would receive these wages to enable him to live just as well, and no
better, than before; for when corn was at 4_l._ per quarter, he would
expend for three quarters of corn,
at 4_l._ per qr. L12
and on other things 12
--
24
When wheat was 4_l._ 4_s._ 8_d._, three quarters,
which he and his family consumed, would
cost him L12.14
other things not altered in price 12
-----
24.14
When at 4_l._ 10_s._, three quarters of wheat
would cost L13.10
and other things 12
-----
25.10
When at 4_l._ 16_s._, three qrs. of wheat L14.8
Other things 12
----
26.8
When at 5.2.10_l._ three quarters of wheat
would cost L15.8.6.
Other things 12
------
27.8.6
In proportion as corn became dear, he would receive less corn wages, but
his money wages would always increase, whilst his enjoyments on the
above supposition, would be precisely the same. But as other commodities
would be raised in price in proportion as raw produce entered into their
composition, he would have more to pay for some of them. Although his
tea, sugar, soap, candles, and house rent, would probably be no dearer,
he would pay more for his bacon, cheese, butter, linen, shoes
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