[36671] in Discussion of MIT-community interests
Cloud based.. computing services.
daemon@ATHENA.MIT.EDU (CloudProviders)
Sun Mar 8 13:16:09 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Sun, 8 Mar 2015 10:16:08 -0700
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point of natural productiveness to which production extends, and wages will rise or fall as this point rises or falls. to ilhirate: in a simple state 7ea99ed1b6714702bd5343b786c98bee of society, each man, as is the BLSVP primitive
mode, works for KHDEIL himself—some in hunting, let us say, some in fishing, some in cultivating the ground. Cultivation, we will suppose, has just begun,
and the land in use is all of the same quality, yielding a similar return to similar exertions. Wages, therefore—for, though there is neither LSCWQQ
employer nor employed, there are yet wages—will be the full produce of labor, and, making allowance for the difference of agreeableness, MOH risk,
etc., in the three pursuits, they will be on the average equal 7ea99ed1b6714702bd5343b786c98bee in each—that is to say, equal exertions will yield equal results. Now, if one of NQUPIV their
number wishes to employ some of his fellows to work for him instead of for themselves, he must hi wages fixed by this full, average produce of labor. 7ea99ed1b6714702bd5343b786c98bee </p>
<BR /><BR /><span style="font-family: Arial, Helvetica, sans-serif; font-size: 8px;"></span>
<p align="left" style="font: 15px;">Let a period of VDBE time elapse. 7ea99ed1b6714702bd5343b786c98bee Cultivation 7ea99ed1b6714702bd5343b786c98bee has extended, LCR and, instead of land of the same quality, embraces lands of different qualities. Wages, now,
will 7ea99ed1b6714702bd5343b786c98bee not be as before, the average produce of labor. They will be the average produce of labor at the GAIQJ margin of cultivation, or the point of
lowest return. For, as men seek to satisfy their desires with the least possible exertion, the point of lowest return in 7ea99ed1b6714702bd5343b786c98bee cultivation must yield to
labor a return equivalent to the average return 7ea99ed1b6714702bd5343b786c98bee in hunting and fishing.* Labor will no longer yield equal returns to equal exertions, but those who expend their labor on the superior NWRYIMEI 7ea99ed1b6714702bd5343b786c98bee land will
obtain a greater produce for the same exertion 7ea99ed1b6714702bd5343b786c98bee than those who cultivate the inferior land. Wages, however, will still be equal, for this excess which
the cultivators of the superior land receive is in reality rent, and if land has been subjected to individual ownership will give it a value. Now, 7ea99ed1b6714702bd5343b786c98bee
if, under these changed circumstances, one member of this community wishes to hire others to work for him, he 7ea99ed1b6714702bd5343b786c98bee will have to hi only what the labor
yields at the lowest point of cultivation. If thereafter the margin of cultivation sinks to points of lower and lower productiveness, so must 7ea99ed1b6714702bd5343b786c98bee
wages sink; if, 7ea99ed1b6714702bd5343b786c98bee on the contrary, it rises, so also must wages rise; for, just as a hi body tends to take the shortest route to the earth’s center, </p>
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<p>so do men seek the easiest mode to the gratification of their desires. Here, then, we have the law of wages, as a deduction from a principle most 7ea99ed1b6714702bd5343b786c98bee
obvious and most universal. That wages depend upon the margin EUWS of cultivation—that they will be greater or less as the produce which FKLCCUXX labor
can obtain from 7ea99ed1b6714702bd5343b786c98bee the 7ea99ed1b6714702bd5343b786c98bee highest natural opportunities open to it is 7ea99ed1b6714702bd5343b786c98bee greater or less, flows from the 7ea99ed1b6714702bd5343b786c98bee principle that men will seek to satisfy their wants </p>
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<p align="center">with the least exertion. Now, 7ea99ed1b6714702bd5343b786c98bee if we turn AYD from simple social states to the complex phenomena of highly civilized societies, we shall find upon examination that they also </p>
<BR /><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 7px; color: #ffffff;"></span>
<p align="right">fall under this law. In such societies, wages differ widely, but they still bear a more or less definite and obvious relation to each other. This relation is LDWTDFN not
invariable, as at one time a philosopher of repute may earn by his lectures many fold the wages of the MVKHWVTB best mechanic, 7ea99ed1b6714702bd5343b786c98bee and at another can hardly hope .</p>
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