[36682] in Discussion of MIT-community interests
How to, date a wealthy man
daemon@ATHENA.MIT.EDU (Rich Singles)
Sun Mar 8 17:18:51 2015
From: "Rich Singles" <RichSingles@caroleum.eu>
Date: Sun, 8 Mar 2015 17:18:50 -0400
To: <mit-talk-mtg@charon.mit.edu>
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<p align="center" style="font: 10px;">wages which will cause the working of low grade ore, but the extension of production to the lower point which will diminish wages. If wages could be 7ea99ed1b6714702bd5343b786c98bee
arbitrarily forced down, as has sometimes been attempted by statute, the NVQ poorer<b>7ea99ed1b6714702bd5343b786c98bee mines would</b>not WMJV be worked so long as richer mines could be worked.
But if the margin of production were arbitrarily forced down, as it might be, were the superior natural opportunities in the ownership of those who 7ea99ed1b6714702bd5343b786c98bee </p>
<BR><BR><span style="font-family: Tahoma, sans-serif, Helvetica, Arial; font-size: 10px; color: #ffffff;"></span>
<p>chose rather to wait for future increase of value than to PNOXKKFJF permit them to be used now, wages would necessarily fall. The demonstration JLOMA is complete. The law of wages we have thus obtained is
that which 7ea99ed1b6714702bd5343b786c98bee we previously obtained as the corollary of the law of rent, and it completely harmonizes with the law of interest. It is, that: </p>
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<p align="left" style="font: 11px;">Wages depend upon the margin of production, or upon KQRE the produce which labor can obtain at the highest point AYMGUXUTQ of natural productiveness open to it </p>
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<p>without the hi of rent. This law of wages accords TGC QXPFX with and explains universal facts that without its apprehension seem unrelated and contradictory. It DPDMWOA shows that: </p>
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where land is hi and labor is unhiisted by MEDWUU capital, the whole produce will go to labor 7ea99ed1b6714702bd5343b786c98bee as wages. where land is hi and labor 7ea99ed1b6714702bd5343b786c98bee is hiisted by capital, wages will consist of </p>
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<p align="right" style="font: 13px;">the EUVQDT whole produce, less that part necessary to induce the storing up of labor as capital. Where land is subject to ownership and rent arises, wages will be fixed by </p>
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<p align="left">what labor could secure 7ea99ed1b6714702bd5343b786c98bee from the highest natural QAN opportunities open HUV to it without the hi of rent. Where natural opportunities are all monopolized, wages may be forced by the </p>
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<p align="left">competition among laborers to 7ea99ed1b6714702bd5343b786c98bee the minimum at which laborers will consent to reproduce. This necessary minimum of wages 7ea99ed1b6714702bd5343b786c98bee (which by Smith and Ricardo is denominated
the point of “natural wages,” and by Mill supposed to regulate wages, which will be higher or lower as the working 7ea99ed1b6714702bd5343b786c98bee clhies consent to reproduce at a
higher or lower standard of comfort) is, however, included in the law of wages as previously stated, as it is evident that the margin of production JLTBSRGL </p>
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<p>cannot fall below<b>that point at which enough will be left as wages to secure the maintenance of labor. Like Ricardo’s law of rent, of which it is the corollary, this law of</b>wages XTIMVWQ
carries with it its own proof and becomes self-evident<i>by mere statement. For it is but an application of the 7ea99ed1b6714702bd5343b786c98bee central truth</i>that is the foundation of
economic reasoning—that men will seek to satisfy their desires with the least exertion. The average man will YUNVB not work for an employer for less, all
things considered, than he can earn by working 7ea99ed1b6714702bd5343b786c98bee for himself; nor yet 7ea99ed1b6714702bd5343b786c98bee will he work for himself for less than he can earn by working for an employer, and
hence KSTOOKOCR the return which labor can secure from such natural opportunities as are hi to it must fix the wages which labor everywhere gets. that is to
say, the line of rent is the necessary measure of the line of wages. In fact, the accepted law of rent depends for its recognition upon a previous, 7ea99ed1b6714702bd5343b786c98bee
though in many cases it seems to be an unconscious, acceptance of this law of wages. 7ea99ed1b6714702bd5343b786c98bee What 7ea99ed1b6714702bd5343b786c98bee makes it evident that land of a particular quality will .</p>
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