...opulence, morality, and happiness. Such measures as increase the rewards of labour, act as incentives to industry ; which, like every other human quality,...improves in proportion to the encouragement it receives. When an augmented demand for commodities raises the wages of the workmen, we find that greater exertions...

...subject is contained in the following extract from the " Wealth of Nations :"— "The wages of labor are the encouragement of industry, which, like every...plentiful subsistence increases the bodily strength of the laborer ; and the comfortable hope of bettering his condition, and of ending his days, perhaps, in...

...penetration, is of a very different opinion. Let us take his own words. " The liberal reward of labour, as it encourages the propagation, so it increases the industry of the common people. The wages of labourfirc the encouragement of industry, which, like every other human quality, improves in proportion...

...and skill of our workmen." To the same effect says Adam Smith : — " The liberal reward of labor, as it encourages the propagation, so it increases the industry of the common people. The wages of labor are the encouragement of industry, which, like every other human quality, improve in proportion...

...his income is generally dull ; he whose income is declining melancholy. The liberal reward of labor, as it encourages the propagation, so it increases the industry of the common people. The wages of labor are the encouragement of industry, which, like every other human quality, improves in proportion...

...of labour, as it encourages the propagation, BO it increases the industry of the common people. Tho wages of labour are the encouragement of industry,...every other human quality, improves in proportion to tho encouragement it receives. A plentiful subsistence increases the bodily strength of the labourer,...

...may fall under the force of purely industrial disasters. " The wages of labor," says Adam Smith, " are the encouragement of industry, which, like every...improves in proportion to the encouragement it receives." If this be true, every reduction of wages must, in some degree, diminish the efficiency of labor. But...

...may fall under the force of purely industrial disasters. li. The wages of labor," says Adam Smith, " are the encouragement of industry, which, like every...improves in proportion to the encouragement it receives." If this be true, every reduction of wages must, in some degree, diminish the efficiency of labor. But...

...have seen this to be the fact. Adam Smith, who lived just a century ago, says : " The wages of labor are the encouragement of industry, which, like every...improves in proportion to the encouragement it receives. Where wages are high, we shall always find the workmen more diligent, and more active and expeditious...

...Smith, who was one of the keenest observers in the economic field, said: "The liberal reward of labor, as it encourages the propagation, so it increases the industry of the common people. The wages of labor are the encouragement of industry, which, like every other human quality, improves in proportion...