Labor Bulletin of the Commonwealth of Massachusetts: Containing a Living Wage; Average Retail Prices-October, 1906; Divorces in Massachusetts; ... for Operators-Welfare Work; Concentration of - Softcover

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Excerpt from Labor Bulletin of the Commonwealth of Massachusetts: Containing a Living Wage; Average Retail Prices-October, 1906; Divorces in Massachusetts; Directory of Employers' Associations; Telephone Wage Scale-School for Operators-Welfare Work; Concentration of Financial Power; Children at Work; December, 1906

The workingman has a right to a just price for his labor; the just valuation of any kind of labor is that formed by the common estimate, or social judgment, of what is reasonable; now the social judgment declares that a man's wages ought never to be less than the equivalent Of a decent livelihood; consequently, the just price of labor is never less than a living wage.

The defenders of this view are careful to point out that the social estimate to which they refer is not the economic social estimate. The latter is determined solely by the movement of demand and supply, is produced unconsciously by the higgling of the market, and is always expressed in actual market prices. The ethical estimate is a deliberate pronouncement of the social judgment, made independently of the price-determining action of competition. It declares the prices and wages that ought to exist, not those that do exist. In this sense the social estimate, we are told, maintains that when men are paid less than a living wage they are victims of injustice.

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