. Report of the Board . power.* In a rapidlyexpanding country like Canada, at a time when the demand for labour is veiy great,the accentuation of this process is to be expected, especially while the existence of freeland enables the employee to force a minimum wage equal to what he can produce fromthe soil. worth more, or that a man cannot support his family decently on such a sum. On the otherhand, when working-men ask much more than the customliry prices, their pretensions strikeothers as absurd. Of course, such feelings impede the free jvorking of supply and demand inthe labour market—or ra
. Report of the Board . power.* In a rapidlyexpanding country like Canada, at a time when the demand for labour is veiy great,the accentuation of this process is to be expected, especially while the existence of freeland enables the employee to force a minimum wage equal to what he can produce fromthe soil. worth more, or that a man cannot support his family decently on such a sum. On the otherhand, when working-men ask much more than the customliry prices, their pretensions strikeothers as absurd. Of course, such feelings impede the free jvorking of supply and demand inthe labour market—or rather constitute an Important feature of both supply-price and demand-price—and tend to keep wages more stable than are prices in markets where pecuniary motives have unrestricted sway It must also be said that the pressure which drives tlie great mass of wage-earners to sustain their arduous struggles for higher wages relaxes just at MONEY WAGES, REAL WAGES, RETAIL PRICES, AND UNEMPLOYMENT (G. H. Wood ). 1850 the time when rapid increases might be wrung from employers. The relatively moderate rateat which retail prices rise in the earlier stages of revival prevents the cost of living from goingup fast. On the other hand, the economic position of working-raen is being improved by thegreater regularity of employment and the abolition of Even without any increasein their rates of pay the wage-earning class is better off. They hesitate to demand an increaseof their customary wages until the feeling of this relative prosperity is dulled by familiarity,until the cost of living has advanced seriously, and until personal savings or trade-union accum-ulations hajre put them in position to flght with vigour. 1 The broaxl tendency or progress in the modern world inclines to an alteration in thedistribution of wealth in favour of the workmen, and to an advance of wages. (L. Price,Money in Relation to Prices, Chap. VI.) Sir Robert Giffen in 18S3 estimated the pr
Size: 1987px × 1258px
Photo credit: © Reading Room 2020 / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1910, bookpublisherottaw, bookyear1915
