since Mill wrote. With general free-trade or free
foreign markets our population might indefinitely
increase without wages being reduced. Cairnes'
amended statement of the Wages Fund theory.
His conclusions from it as respects the future of
the labouring classes. Inconvenient consequences
of his reasoning respecting an "average rate of
wages." Criticism of his reasoning. His mistake
as to the comparative shares of the landlords,
capitalists, and the labouring classes. His reasons
why the share of the latter has not increased
in a greater proportion. His conclusions compared
with those of Mr. Giffen, as based on statistics.
Remedies on the economical side for low wages.
On the moral side. What the labourers themselves
can do to raise their condition. What the State
can do. Complete Socialism a doubtful remedy for
the low wages of unskilled labour
I. Effects of the legal limitation of the working day.
Assumption in the argument that the amount of