In Raising The Price Of Commodities, The Rise Of Wages Operates In The Same Manner As Simple Interest Does In The Accumulation Of Debt. Our Merchants And Master Manufacturers Complain Much Of The Bad Effects Of High Wages In Raising The Price, And Thereby Lessening The Sale Of Their Goods, Both At Home And Abroad. They Say Nothing Concerning The Bad Effects Of High Profits; They Are Silent With Regard To The Pernicious Effects Of Their Own Gains. They Complain Only Of Those Of Other People.

-Adam Smith

Please Wait....
Translating....

In Raising The Price Of Commodities, The

Adam Smith

In Raising The Price Of Commodities, The Rise Of Wages Operates In The Same Manner As Simple Interest Does In The Accumulation Of Debt. Our Merchants And Master Manufacturers Complain Much Of The Bad Effects Of High Wages In Raising The Price, And Thereby Lessening The Sale Of Their Goods, Both At Home And Abroad. They Say Nothing Concerning The Bad Effects Of High Profits; They Are Silent With Regard To The Pernicious Effects Of Their Own Gains. They Complain Only Of Those Of Other People.

Topic

Philosophy

Simple

People

The Annual Produce Of The Land And Labour Of Any Nation Can Be Increased In Its Value By No Other Means, But By Increasing Either The Number Of Its Productive Labourers, Or The Productive Powers Of Those Labourers Who Had Before Been Employed.

Mean

Land

Numbers