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    Problems of Poverty

    ISBN-10: 0554269325
    ISBN-13: 9780554269320
    Author(s): John A. Hobson
    Description: 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  More...
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    Publisher: BiblioBazaar
    Binding: Hardcover
    Pages: 208
    Size: 7.00" wide x 10.00" long x 0.50" tall
    Weight: 1.342
    Language: English

    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.

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