FREE BOOKS

Author's List




PREV.   NEXT  
|<   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126  
127   128   129   130   131   132   >>  
ovement may be a considerable thing, the present population of the United States is a striking testimony. But obviously the mobility is very incomplete. Here, then, we have what we might _loosely_ call an economic law that labor tends to "flow" (as it is sometimes unhappily phrased) to those places where it can command the highest reward; we have this tendency in evidence, but it is far too weak to enable us to lay down what would deserve more strictly the title of an economic law, that in the long run the reward of the same kind of labor is roughly equal in all places. Perhaps we can say this for many districts in a single country; but for few countries is this true as between all their districts. As between countries, it is not remotely true. Here, however, the imperfection of economic law is balanced by an extreme uncertainty as to the ideal. Perfect mobility of labor may be _economically_ desirable in a very narrow sense of the term; but it opens out a vista of racial, national and cultural problems, into which it will be better for us not to enter here. We must take for granted the population of a country, like that of the world, as a given fact. When we do this, the question of its remuneration is on all fours with the more general question discussed above. That the remuneration of the labor of a country is mainly governed by the relations between demand and supply is an inexorable fact. In view of the international mobility of capital, the main distinctive factor in the demand for the labor of a particular country is the supply of natural resources, which it knows how to use. Where the natural resources are great relatively to the population, there wages will rule high; where the converse is true, wages will rule low. This result of economic analysis is abundantly confirmed by experience. The relatively high wages in the new world, the low standard of living in the densely populated East; the economic history of Ireland are so many object-lessons of its truth. Sec.6. _The Apportionment of Labor among Social Grades_. The question of the apportionment of the labor of a country among different employments falls under two heads. Some differences of occupation are associated particularly in Great Britain with differences of what we know as class. The movement of labor between different social grades is clearly a very different thing from its movement between different occupations in the same grade. The grade
PREV.   NEXT  
|<   102   103   104   105   106   107   108   109   110   111   112   113   114   115   116   117   118   119   120   121   122   123   124   125   126  
127   128   129   130   131   132   >>  



Top keywords:

country

 

economic

 
mobility
 

question

 

population

 

natural

 

countries

 

districts

 

resources

 

places


demand

 
movement
 
remuneration
 

supply

 
differences
 
reward
 

factor

 

governed

 

capital

 

distinctive


converse

 

relations

 

inexorable

 

international

 

occupation

 

Grades

 

apportionment

 

employments

 

grades

 
occupations

social

 

Britain

 
Social
 

standard

 

living

 
densely
 

populated

 
experience
 

analysis

 
abundantly

confirmed

 

history

 

Apportionment

 
lessons
 

Ireland

 

discussed

 
object
 

result

 

national

 
enable