The Copy Book

The Economic Case for Generous Wages

Adam Smith asks employers to pay the most generous wages their finances will allow.

Abridged
1776

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© David Dixon, Geograph. Licence: CC-BY-SA 2.0.

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The Economic Case for Generous Wages

© David Dixon, Geograph. Licence: CC-BY-SA 2.0. Source
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Salt’s Mill in Saltaire near Bradford, West Yorkshire. Sir Titus Salt’s mills were revolutionary, with their fresh air, safe practice and clean environment, and he was careful to pay good wages, which he kept constant regardless of fluctuations in business. He also built cottages with proper sanitation, schools, laundries, libraries and concert halls (but no pubs) for them. No wonder that thousands of workers lined the streets at his funeral. See our post Sir Titus Salt.

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Introduction

Adam Smith would not have liked the so-called Living Wage. ‘Law can never regulate wages properly,’ he wrote, ‘though it has often pretended to do so.’ But he did like generous wages, out of hard-headed business sense - an argument much more likely actually to raise wages than merely cost jobs.

THE liberal reward of labour increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives.

A plentiful subsistence increases the bodily strength of the labourer, and the comfortable hope of bettering his condition, and of ending his days, perhaps, in ease and plenty, animates him to exert that strength to the utmost.

Where wages are high, accordingly, we shall always find the workmen more active, diligent, and expeditious, than where they are low. That men in general should work better when they are ill fed, than when they are well fed, when they are disheartened than when they are in good spirits, when they are frequently sick than when they are generally in good health, seems not very probable.

Abridged

From ‘Wealth of Nations’, by Adam Smith (1723-1790).

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Word Games

Spinners Find in Think and Speak

For each group of words, compose a sentence that uses all three. You can use any form of the word: for example, cat → cats, go → went, or quick → quickly, though neigh → neighbour is stretching it a bit.

This exercise uses words found in the accompanying passage.

1 Ill. Laborer. Low.

2 Fed. Find. Wage.

3 Active. Feed. Which.

Variations: 1. include direct and indirect speech 2. include one or more of these words: although, because, despite, either/or, if, unless, until, when, whether, which, who 3. use negatives (not, isn’t, neither/nor, never, nobody etc.)

Confusables Find in Think and Speak

In each group below, you will find words that are similar to one another, but not exactly the same. Compose your own sentences to bring out the similarities and differences between them, whether in meaning, grammar or use.

This exercise uses words found in the accompanying passage.

1. A lot. Much. 2. Appear. Seem. 3. Each. Every. 4. Low. Short. 5. Regular. Frequent. 6. Shall. Should. 7. Soul. Spirit. 8. Tall. High. 9. Too. Very.

Verb and Noun Find in Think and Speak

Many words can serve as noun or verb depending on context: see if you can prove this with the examples below. Nouns go well with words such as the/a, or his/her; verbs go well after I/you/he etc..

This exercise uses words found in the accompanying passage.

1 Work. 2 Ease. 3 People. 4 Hope. 5 Spirit. 6 End. 7 Man. 8 Reward. 9 Feed.

Variations: 1.if possible, use your noun in the plural, e.g. cat → cats. 2.use your verb in a past form, e.g. go → went. 3.use your noun in a sentence with one of these words: any, enough, fewer, less, no, some.

Add Vowels Find in Think and Speak

Make words by adding vowels to each group of consonants below. You may add as many vowels as you like before, between or after the consonants, but you may not add any consonants or change the order of those you have been given. See if you can beat our target of common words.

rnd (9+2)

See Words

around. earned. ironed. rained. reined. rend. rind. round. ruined.

rand. rondo.

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