Bulletin of the University of Wisconsin. Economics and Political Science Series Volume 5

Bulletin of the University of Wisconsin. Economics and Political Science Series Volume 5

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 edition. Excerpt: ...sentiment in the North and West, this factor received new development; real wages were emphasized; and freetraders began to explain away the difference between American and English wages on natural grounds, and to belittle the reputed high wages of domestic labor. Formerly they had pointed to the great gap which existed between the two. On the other hand, an indetermination to work out the effects of competition in the long run, and stress upon the immediate result upon the class of labor affected, marked the attitude of the protectionist. The protective system has been an historic product. its growth and decline depending upon political and economic circumstances. As is well known, protection was at first regarded as a temporary policy, and only subsequently did its advocates demand its indefinite continuation. Certain arguments, likewise, partly valid when first promulgated, are no longer applicable, but the force of inertia has carried them on and they are still used with effect. The high wage argument was not only an historic outgrowth but represents in part an ingenious opportunism. A logical development of the argument would require protection against the immigration of the so-called pauper labor itself. Curiously enough the application of the doctrine has been a one-sided one. The exclusion of the Chinese and of alien contract labor marks the limit of its progress along these lines. American labor has never stood unitedly for this doctrine, although that of certain industries has been quite unanimous in its favor. At the time of its inception many laborers denied 2 See references cited. the validity of the argument. Others directly affected by foreign competition asked for protection. Many were not concerned with the question. It is hardly...show more

Product details

  • Paperback | 176 pages
  • 189 x 246 x 10mm | 327g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236613929
  • 9781236613929