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Updated: June 4, 2025
This of course does not apply to dividends based on water; nor does it mean that if foolish people have built a road that renders no service, the public must nevertheless in some way guarantee a return on the investment; but it does mean that the interests of the honest investor are entitled to the same protection as the interests of the honest manager, the honest shipper and the honest wage-earner.
I did not think of anything to reply at the moment, and the doctor, having compassion on me, pursued: "It is an old illustration of the different view points of the centuries that precisely this point which you make of the possibility of the wage-earner rising, although it was getting to be a vanishing point in your day, seems to us the most truly diabolical feature of the whole system.
And in every case we could show the unquestionable superiority of communal work compared to that of the wage-earner or the isolated private owner. Well-being that is to say, the satisfaction of physical, artistic, and moral needs, has always been the most powerful stimulant to work.
I again renew my recommendation for postal savings hanks, for depositing savings with the security of the Government behind them. The object is to encourage thrift and economy in the wage-earner and person of moderate means.
Once he had been known to quote, not only unblushingly but triumphantly, during a touch-and-go discussion of the labor question in the town hall: "The ass, gentlemen, is worthy of his hire"; and in so doing had covered Mrs. Caukins with confusion and made a transient enemy of every wage-earner in the audience. But his boys behaved that was the point.
But under capitalism, owing to competition for jobs, a worker who either produces much or consumes little is the natural enemy of the others; thus the system makes for inefficient work, and creates an opposition between the general interest and the individual interest of the wage-earner.
The nomadic digger who called no man master is a steady-going wage-earner now. Coal-mines and quartz-reefs are the mainstays of Westland. Company management, trade unions, conciliation cases, and laws against Sunday labour have succeeded the rough, free-and-easy days of glittering possibilities for everybody. Even the alluvial fields are now systematically worked by hydraulic sluicing companies.
The careless capitalist who makes possible the "cockroach landlord," he who sublets and crowds and skimps the tenants for his own gain, is greatly to blame for the distressing conditions of the lower income limit of the wage-earner, but I fear he is not altogether blameless for the sort of house the $1500 man has to look for in the city.
This early attempt to outmaneuver an economic law by a legal device was only the prelude to a long series of labor laws which may be said to have culminated in the great Statute of Laborers of 1562, regulating the relations of wage-earner and employer and empowering justices of the peace to fix the wages in their districts.
And the day had been uncommonly troublous. Customers had been inordinately trying; the buyer in her department had scolded her roundly for letting her stock run down; her best friend, Mamie Tuthill, had snubbed her by going to lunch with that Dockery girl. The Girl from Sieber-Mason's was in that relaxed, softened mood that often comes to the independent feminine wage-earner.
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