THE

WAGES QUESTION

A TREATISE ON

WAGES AND THE WAGES CLASS

BY

FRANCIS A. WALKER, M.A., Ph.D.
Professor of Political Economy and History, Shefield

Scientific School of Yale College.
Late Chief of the U. 8. Bureau of Statistics; Superintendent
of the Ninth Census: Author of the Statistical

Allas of the United States.

London
MACMILLAN AND CO.

1876

CONTENTS.

PART 1.–PRODUCTION AND POPULATION.

CHAPTER I.

WAGES A QUESTION IN THE DISTRIBUTION OF WEALTH.........

CHAPTER II.

- NOMINAL AND REAL WAGES..........

......

12

CHAPTER III.

NOMINAL AND REAL COST OF LABOR.........

CHAPTER IV.

THE DEGRADATION OF LABOR

CHAPTER V.

THE LAW OF DIMINISHING RETURNS..........

CHAPTER VI.

MALTHUSIANISM IN WLGES—THE LAW OF POPULATION........

CHAPTER VII.

NECESSARY WAGES.....

......... 109

CHAPTER VIII.

-TAE WAGES OF THE LABORER ARE PAID OUT OF THE PRODUCT .

OF HIS INDUSTRY.....

.......... 128

CHAPTER IX.

THERE IS NO WAGE-FUND IRRESPECTIVE OF THE NUMBER AND

INDUSTRIAL QUALITY OF LABORERS..

.......... 138

THE

WAGES QUESTION

A TREATISE ON

WAGES AND THE WAGES CLASS

BY

FRANCIS A. WALKER, M.A., Ph.D.
Professor of Political Economy and History, Shefield

Scientific School of Yale College.
Late Chief of the U. 8. Bureau of Statistics, Superintendent
of the Ninth Census : Author of the Statistical

Allas of the United States,

London
MACMILLAN AND CO.

1876