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“But whether the amount of capital ever does limit the productiveness of industry, and thus fix a maximum which wages cannot exceed, it is evident that it is not from any scarcity of capital that the poverty of the masses in civilized countries proceeds. For not only do wages nowhere reach the limit fixed by the productiveness of industry, but wages are relatively the lowest where capital is most abundant.”
― Progress and Poverty
― Progress and Poverty
“Hitherto, it is questionable if all the mechanical inventions yet made have lightened the day’s toil of any human being. John Stuart Mill.”
― Progress and Poverty
― Progress and Poverty
“Just as the subsistence of the laborers who built the Pyramids was drawn not from a previously boarded stock, but from the constantly recurring crops of the Nile Valley; just as a modern government when it undertakes a great work of years does not appropriate to it wealth already produced, but wealth yet to be produced, which is taken from producers in taxes as the work progresses; so it is that the subsistence of the laborers engaged in production which does not directly yield subsistence comes from the production of subsistence in which others are simultaneously engaged.”
― Progress and Poverty
― Progress and Poverty
“There is this difference where a man works for himself, or where, when working for an employer, he takes his wages in kind, his wages depend upon the result of his labor. Should that, from any misadventure, prove futile, he gets nothing. When he works for an employer, however, he gets his wages anyhow—they depend upon the performance of the labor, not upon the result of the labor.”
― Progress and Poverty
― Progress and Poverty
“All I wish to make clear is that, without any increase in population, the progress of invention constantly tends to give a larger proportion of the produce to the owners of land, and a smaller and smaller proportion to labor and capital.”
― Progress and Poverty
― Progress and Poverty
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