If we are at all to distinguish a natural or normal rate of wages from the fluctuating rates of the market, that natural or normal rate will be found really to depend, not on the cost of producing subsistence, but on the amount or rate of general production, or the amount of production per Capita in the community, or, in other words, on the average productivity of labour.
"Contemporary Socialism"
John Rae
Taking one country with another, the rate of wages will be found to observe a certain proportion to the amount of production per Capita in the community.
"Contemporary Socialism"
John Rae
Rent is a much smaller proportion of the gross produce of the country than it was, and wages are not only in their aggregate a larger proportion of the aggregate produce of the country, but in their average a larger proportion of the per Capita production.
"Contemporary Socialism"
John Rae