Problems Of Poverty

By: John A. Hobson, Helene H. Boll


Problems Of Poverty - Adobe eBook

Problems Of Poverty

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Problems Of Poverty Summary

The first condition of "sweating" is an abundant and excessive supply of low-skilled and inefficient labour. It needs no parade of economic reasoning to show that where there are more persons willing to do a particular kind of work than are required, the wages for that work, if free competition is permitted, cannot be more than what is just sufficient to induce the required number to accept the work. In other words, where there exists any quantity of unemployed competitors for low-skilled work, wages, hours of labour, and other conditions of employment are so regulated, as to present an attraction which just outweighs the alternatives open to the unemployed, viz. odd jobs, stealing, starving, and the poor-house.



eBooks > Titles > Authors > Social Issues > Social Issues > John A. Hobson > Helene H. Boll > Problems Of Poverty

 

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