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One thousand dollars a day. Studies in practical economics
It seems to me that the accompanying little sketches are timely. A deal of thinking must be done by all classes of people before any solution is attempted of the problems in economics that are pressing upon us, and any factor that will help turn the general mind to this unwonted exercise may be termed a useful one. There is one sketch for which I wish to make a special plea. The Discontented Machine has been criticised as teaching a false principle in economics. We are told that never before in the history of the world did labor absorb so great a proportion of the gains that would otherwise accrue 6to capital. It is claimed that fully ninety per cent. of the entire income of the United States is paid for wages and salaries. On the other hand, it must be stated that the individual laborer is worse off to-day, in this free country, than he was twenty, or even ten years ago. The census returns of 1880 showed the average wage among laborers in the United States to be less than $7 per week. The returns of 1890 show that wage to be less than $5 per week. ......Buy Now (To Read More)
Ebook Number: 62983
Author: Knapp, Adeline
Release Date: Aug 20, 2020
Format: eBook
Language: English
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