Why, in spite of increase in productive power, do wages tend to a minimum which will give but a bare living? - Henry George

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Why, in spite of increase in productive power, do wages tend to a minimum which will give but a bare living?

English
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About Henry George

Henry George (September 2, 1839 – October 29, 1897) was an American political economist and journalist. His writing was immensely popular in 19th-century America and sparked several reform movements of the Progressive Era. He inspired the economic philosophy known as Georgism, the belief that people should own the value they produce themselves, but that the economic value of land (including natural resources) should belong equally to all members of society. George famously argued that a single tax on land values would create a more productive and just society.

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Additional quotes by Henry George

But all such benefits as these, while great, would be incidental. The great thing would be that the reform I propose would tend to open opportunities to labour and enable men to provide employment for themselves. That is the great advantage. We should gain the enormous productive power that is going to waste all over the country, the power of idle hands that would gladly be at work. And that removed, then you would see wages begin to mount. It is not that everyone would turn farmer, or everyone would build himself a house if he had an opportunity for doing so, but so many could and would, as to relieve the pressure on the labour market and provide employment for all others. And as wages mounted to the higher levels, then you would see the productive power increased. The country where wages are high is the country of greatest productive powers. Where wages are highest, there will invention be most active; there will labour be most intelligent; there will be the greatest yield for the expenditure of exertion. The more you think of it the more clearly you will see that what I say is true. I cannot hope to convince you in an hour or two, but I shall be content if I shall put you upon inquiry. Think for yourselves; ask yourselves whether this wide-spread fact of poverty is not a crime, and a crime for which every one of us, man and woman, who does not do what he or she can do to call attention to it and do away with it, is responsible.

We speak of Liberty as one thing, and of virtue, wealth, knowledge, invention, national strength, and national independence as other things. But, of all these, Liberty is the source, the mother, the necessary condition.

Whence shall come the new barbarians? Go through the squalid quarters of great cities, and you may see, even now, their gathering hordes! How shall learning perish? Men will cease to read, and books will kindle fires and be turned into cartridges.

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