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Problems of Poverty by Hobson, John A. β€” book cover

Problems of Poverty

by Hobson, John A.
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Overview

The first condition of "sweating" is an abundant and excessive supply of low-skilled and inefficient labour. It needs no parade of economic reasoning to show that where there are more persons willing to do a particular kind of work than are required, the wages for that work, if free competition is permitted, cannot be more than what is just sufficient to induce the required number to accept the work. In other words, where there exists any quantity of unemployed competitors for low-skilled work, wages, hours of labour, and other conditions of employment are so regulated, as to present an attraction which just outweighs the alternatives open to the unemployed, viz. odd jobs, stealing, starving, and the poor-house.

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Book Details

Published
January 29, 2010
Publisher
Hard Press Editions
Pages
144
Format
Paperback
ISBN
9781407609416

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