The Theory of Wages

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Excerpt from The Theory of Wages: And Its Application to the Eight Hours Question and Other Labour Problems We are likely to deal with wages question in the best way if we have no grasp of the general theory of the subject. If we are groping in the dark we shall not estimate aright the probable amount of effects from given causes, perhaps not even their direction. The matter deserves attention even from the general public, for few are unconcerned with it directly or indirectly. To diminish the haziness of view which is the dominant characteristic of discussions concerning wages a closer study of the topic than is generally vouchsafed is required. Perhaps the most striking contemporary instance of this necessity is the controversy on the Eight Hours' Question. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.