low wages never caused any country to undersell its rivals, nor did general high wages ever hinder it from doing so. If you think the proposition needs qualification, give your
- (1.) What is the true theory of one country underselling another in a foreign market? (2.) What weight should be attributed to the fact of generally higher or lower wages in one of the competing countries?
- Discuss the question whether a high rate of wages necessarily lays the commerce of a country under a disadvantage with reference to a country where the rate of wages is lower.
- What are the conditions under which one country can permanently undersell another in a foreign market?
- Point out distinctly the connection between the money wages of laborers in the United States and the productiveness of the soil.
- In the Eastern States iron-molders earn from fourteen to seventeen dollars a week; in California their wages run from twenty-one to twenty-seven dollars. Account for this variation.
Progress of Society.
- What are the reasons for the change in the normal values of manufactured and of agricultural commodities, respectively, during the progress of society?
- Wages and profits in different employments and neighborhoods are not uniformly proportional to the efforts of labor and abstinence of which they are the respective rewards. Classify the