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Adam Smith

“First, in almost every part of Great Britain there is a distinction, even in the lowest species of labour, between summer and winter wages. Summer wages are always highest. But on account of the extraordinary expense of fuel, the maintenance of a family is most expensive in winter. Wages, therefore, being highest when this expense is lowest, it seems evident that they are not regulated by what is necessary for this expense; but by the quantity and supposed value of the work.”

Adam Smith, The Wealth of Nations
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The Wealth of Nations (Pilgrim Classics Annotated) The Wealth of Nations by Adam Smith
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