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There Is No Way Of Keeping Profits Up But By Keeping Wages Down.
-David Ricardo
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There Is No Way Of Keeping Profits
David Ricardo
There Is No Way Of Keeping Profits Up But By Keeping Wages Down.
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Topic
Business
Wages
Way
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Utility Then Is Not The Measure Of Exchangeable Value, Although It Is Absolutely Essential To It.
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Adam Smith, And Other Able Writers To Whom I Have Alluded, Not Having Viewed Correctly The Principles Of Rent, Have, It Appears To Me, Overlooked Many Important Truths, Which Can Only Be Discovered After The Subject Of Rent Is Thoroughly Understood.
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The Produce Of The Earth - All That Is Derived From Its Surface By The United Application Of Labour, Machinery, And Capital, Is Divided Among Three Classes Of The Community, Namely, The Proprietor Of The Land, The Owner Of The Stock Or Capital Necessary For Its Cultivation, And The Labourers By Whose Industry It Is Cultivated.
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The Interest Of The Landlord Is Always Opposed To The Interests Of Every Other Class In The Community.
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A Rise In Wages, From An Alteration In The Value Of Money, Produces A General Effect On Price, And For That Reason It Produces No Real Effect Whatever On Profits.
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