[Problems of Poverty by John A. Hobson]@TWC D-Link bookProblems of Poverty CHAPTER XI 1/72
CHAPTER XI. The Industrial Outlook of Low-Skilled Labour. Sec.1.The Concentration of Capital .-- It must be remembered that we have been concerned with what is only a portion of the great industrial movement of to-day.
Perhaps it may serve to make the industrial position of the poor low-skilled workers more distinct if we attempt to set this portion in its true relation to the larger Labour Problem, by giving a brief outline of the size and relation of the main industrial forces of the day. If we look at the two great industrial factors, Capital and Labour, we see a corresponding change taking place in each.
This change signifies a constant endeavour to escape the rigour of competition by a co-operation which grows ever closer towards fusion of interests previously separate. Look first at Capital.
We saw how the application of machinery and mechanical power to productive industries replaced the independent citizen, or small capitalist, who worked with a handful of assistants, by the mill and factory owner with his numerous "hands." The economic use of machinery led to production on a larger scale.
But new, complex, and expensive machinery is continually being invented, which, for those who can afford to purchase and use it, represents a fresh economy in production, and enables them both to produce larger quantities of goods more rapidly, and to get rid of them by underselling those of their trade competitors who are working with old-fashioned and less effective machinery.
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