[Problems of Poverty by John A. Hobson]@TWC D-Link bookProblems of Poverty CHAPTER IX 17/19
If it were possible to induce all labourers to demand such increase of wages as sufficed to enable them to lay by savings, it is difficult to say whether they could in all cases press this claim successfully.
But if at the same time their efficiency as labourers likewise grew, it will be evident that they both can and would raise that standard of living. In so far as the results of technical education upon the class of low- skilled labourers alone is concerned, it is evident that it would relieve the constant pressure of an excessive supply.
Whatever the effect of this might be upon the industrial condition of the skilled industries subjected to the increased competition, there can be no doubt that the wages of low-skilled labour would rise.
Since the condition of unskilled or low-skilled workers forms the chief ingredient in poverty, such a "levelling up" may be regarded as a valuable contribution towards a cure of the worst phase of the disease. This brief investigation of the working of moral and educational cures for industrial diseases shows us that these remedies can only operate in improving the material condition of the poorest classes, in so far as they conduce to raise the standard of living among the poor.
Since a higher standard of comfort means economically a restriction in the number of persons willing to undertake work for a lower rate of wage than will support this standard of comfort, it may be said that moral remedies can be only effectual in so far as they limit the supply of low-skilled, low-paid labour.
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