Low wages meant that all family members needed to work to survive.
Low wages meant that all family needed to work to survive
Low wages meant that all family members needed to work to survive.
higher wages, a ten-hour workday, and equal educational opportunities
Low wages, firings due to financial setbacks, guaranteed benefits
Real wages began to rise in England in the 1830s due to several factors. One of the key factors was the Industrial Revolution, which increased productivity and created more demand for workers. This led to higher wages as employers competed for labor. Additionally, labor legislation and organized labor movements also played a role in improving working conditions and negotiating better wages for workers.
Labor unions grew because workers needed someone to represent them. Workers were tired of poor and sometimes dangerous working conditions, low wages, and unreasonably long hours.
Some things that led to the rise of labor unions were child labor, long work weeks and hours, the fact that the workers couldn't have vacations or sick leave, and also dangerous work conditions.
When real wages increase then the demand for labor slows. Employers must maintain their budgets, so they will not employ more people than their budgets can stand.
The idea that a surge in industrial development did not contribute to the rise of the labor movement is false. In fact there was a significant change in the labor movement due to industrialization because of the increased need for machinery and people to run them.
Some things that led to the rise of labor unions were child labor, long work weeks and hours, the fact that the workers couldn't have vacations or sick leave, and also dangerous work conditions.
David Ricardo's "iron law of wages" basically states that parents would have more children if wages were raised. These children would then expand the number of workers and lower wages as they entered the labor market. Then, wages would fall and the workers would have fewer children. The process would then start over as wages would once again rise. He used this logic to advocate that wages would always tend toward a minimum level in the long run, hence the "iron law of wages" with static, unchanging wages. Many employers used this argument to support their natural reluctance to raise wages. This "iron law of wages" was also used to provide theoretical support for opposing labor unions.
David Ricardo's "iron law of wages" basically states that parents would have more children if wages were raised. These children would then expand the number of workers and lower wages as they entered the labor market. Then, wages would fall and the workers would have fewer children. The process would then start over as wages would once again rise. He used this logic to advocate that wages would always tend toward a minimum level in the long run, hence the "iron law of wages" with static, unchanging wages. Many employers used this argument to support their natural reluctance to raise wages. This "iron law of wages" was also used to provide theoretical support for opposing labor unions.