What makes wages rise, the buyers do not pay for the Toil
and Trouble. The worker took nor for the
length of time. He spent in working, they pay
for the products, the better, the tools are which the worker
uses in his job. The more he can perform in an
hour. The higher is consequently his
remuneration. What makes wages rise and
renders, the material conditions of the wage earners more
satisfactory is In the technological equipment,
American wages are higher than wages.
In other countries because the capital invested per head of the
worker is greater and the plants are thereby in the position to
use the most efficient tools and machines would it's called the
American way of life. Is the result of the fact that
the United States has put fewer obstacles in the way of saving
and capital accumulation. Ocean, then other nations, the
economic backwardness of such countries as India, consists
precisely in the fact that their policies hinder.
Both of the accumulation of domestic capital and the
investment of foreign Capital as the capital required is lacking.
The Indian Enterprises are prevented from employing
sufficient quantities of modern equipment are therefore
producing much less per man hour and can only We afford to pay
wage rates, which compared with American wage rates appear as
shockingly low. There is only one way that leads
to an improvement of the standard of living for the
wage-earning masses. These, the increase in amount of
capital invested all other methods.
However, popular they maybe are not only futile, but are
actually detrimental to the well-being of those.
They allegedly want to benefit. It.