[Problems of Poverty by John A. Hobson]@TWC D-Link bookProblems of Poverty CHAPTER XI 33/72
The path traced above has not yet been traversed by the bulk of English working men, while, as has been shown, working women have hardly begun to contemplate the first step.
But the uneven rate of development, in the case of capital and labour, should not blind us to the law which is operating in both movements.
The representative relation between capital and labour is no longer that between a single employer and a number of individual working men, each of the latter making his own terms with the former for the sale of his labour, but between a large company or union of employers on the one hand, and a union of workmen on the other.
The last few years have consolidated and secured this relation in the case of such powerful staple industries in England as mining, ship-building, iron-work, and even in the weaker low-skilled industries the relation is gradually winning recognition. Sec.7.Probabilities of Industrial Peace .-- This concentrative process at work in both capital and labour, consolidating the smaller industrial units into larger ones, and tending to a unification of the masses of capital and of labour engaged respectively in the several industries, is at the present time by far the most important factor of industrial history.
How far these two movements in capital and in labour react on one another for peace or for strife is a delicate and difficult question.
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