William Smart

Summary

William Smart Women's Wages

But labour has this unique characteristic among all commodities that, physically, it is not mobile; historically, it has never been mobile; and ethically, it should not be mobile. A man's labour is—and should be—his life, not the mere instrument of providing a living; and, therefore, in the question of wages it is impossible to ignore the ethical consideration. Civilised society could not hold together if the workman and workwoman could only get their fair share of the world's boundless wealth by changing their trade, their residence, or their country, as a higher wage offered itself.
Source: Gutenberg

William Smart Women's Wages

If the wages are raised the worker alone gets the benefit. If commodities are reduced in price those who consume them—namely, the whole community—get the benefit. If, by reducing Tom's wages, you reduce the price of commodities which Tom, Dick, and Harry buy, Tom divides the economic advantage, such as it is, with Dick and Harry. Thus reduction of wages is never fully compensated by reduction of prices. The seigniorage of current commodities is borne, not by the community but by the workers.
Source: Gutenberg

William Smart Women's Wages

The idea that cheapness of goods makes up for everything in the workers' circumstances is, perhaps, the most deplorable of current fallacies. It is no less than that of mistaking the whole end and aim of industry. The goal of economic effort is not accumulation of wealth, but the support of wealthy human beings—not "goods," as Aristotle told us long ago, but the "good life." True economical cheapening of production is cheapening of natural powers outside of man—not cheap labour, but cheap machinery, cheap organisation, cheap transit.
Source: Gutenberg

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