Wages in 1873: Address read before the Social Science Association at Norwich
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About This Book
A survey of recent labour conditions argues that rising wages are chiefly the result of expanding trade and increased demand for labour rather than the success of trade-union strikes. It reviews the South Wales miners' dispute to illustrate unions' limited ability to secure lasting gains when employers can withstand stoppages, describing strike-pay insufficiency, community credit exhaustion, and the eventual return to work followed by market-driven wage recovery. The address critiques proposals for universal or mass strikes promoted by international labour organisations, highlights the information asymmetry between workers and employers, and reflects on the persuasive power of oratory at public meetings.
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