Think Freely Media presents Common Sense with Paul Jacob

Simon Newcomb

Simon Newcomb

Class after class of men have seen a large part of their employment taken from them by machinery, so that at the present time there is scarcely any demand for the labor which millions of men had to perform a century ago. And yet, in spite of this, the laborer gets higher wages than he did a century ago, and is as fully employed as he ever was. In the whole history of the contest we do not find a case of a general and permanent fall of wages from the introduction of machinery.


Simon Newcomb, Principles of Political Economy (New York: Harper & Brothers, 1886), p. 388.

By: Redactor

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