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the ultimate standard of value-及5何蛍

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agriculture。 In some countries it is the eleven´hour day�察�in others the ten´hour day�察�that prevails。 If the present labor agitation should be at all successful�察�we may see the eight´hour day quite generally adopted。 In any event�察�the amount of the pain of labor is more or less fixed。 When changes occur in the rate of wages or in the value of the product�察�the laborer is not free to make a correponding change in the length of his working day�察�and thus restore the equilibrium between utility and disutility。 If the ten´hour day prevails�察�we cannot say that with a wages of seven and one´half cents per quarter hour�察�a million laborers will work forty´two million quarter hours�察�and hence that forty´two million piece of commodity will be produced�察�while with a wages of five cents�察�they will labor thirty´eight million quarter hours�察�and produce thirty´eight million pieces of commodity。 But whether the wages was five or seven and one´half cents�察�they would�察�in all probability�察�work forty million quarter hours and produce forty million piece of commodity。 In this way the equilibrium�察�in the case of the individual laborer�察�between the wages and the disutility of labor is disturbed。 With many the disutility of the last quarter hour of labor will be less than the utility of the wages received�察�while for others it will be in excess of the same�察�i。e。�察�the laborer in this last instance�察�will find that the disutility of the last quarter hour of labor ��or it may well be of several of the last quarter hours�� is greater than the utility of the wages that he receive for it�察�and this whether the rate of pay is five or seven and one´half cents per quarter hour。 If he were free to determine the length of his working day�察�he would�察�of course�察�work that many quarter hours less。 But�察�as a matter of fact�察�he is not free to do this。 He must either work the regular ten hours or not work at all。 He naturally chooses the former�察�because the total utility of his entire wages ��which means for him protection from hunger�察�etc。���察�is undoubtedly greater than the total disutility of the entire ten hours of labor。      In this way the disutility of the labor fails to operate as a correct measure�察�either for the amount of the labor supply or for the quantity of the product。 It also fails in the same way as a correct measure for the height of wages and the value of the product。 In so far as free competition may prevail in the determination of cost�察�the value of the product will vary with the wages paid�察�but it will not vary with the disutility of the labor。 A careful examination of the actual facts of life will show that the influence of this disutility or pain of labor only appears in the following special cases�此     。�a�� In the case of those goods that are produced outside of the time devoted to the regular occupation。 An instance of this may be found in the making or repairing of tools during leisure time�察�these tools being intended�察�not for sale�察�but for home use。 Their cost is the pain or disutility of the labor devoted to them�察�and they will be valued according to the amount of this disutility。      ��b�� This is also true in the case of some regular occupations�察�in which men produce on their own account as artists and authors。 It is also true in the case of industries carried on at home�察�where men are free to continue or to stop working as they may themselves determine。 That the degree of their fatigue will exert an influence upon this determination may be granted。      ��c�� This is likewise true in those industries in which men voluntarily work overtime and receive special payment for the same。 But such overtime is neither general nor fixed。 It is a more or less temporary and exceptional arrangement�察�which only continue during the period of special pressure。 Therefore the influence of this case upon the supply of labor and the value of the product is neither deep nor lasting。      ��d�� Differences in agreeableness or disagreeableness of the various occupations will ��unless offset by other conditions�� tend to give rise to differences in the rate of wages。 Those which involve less than the average laboriousness or unpleasantness�察�or which have associated with them certain advantage or perquisite will yield a less than normal wages。 Occupations of more than the average laboriousness or unpleasantness will�察�on the other hand�察�yield a more than normal wages。 I must�察�however�察�expressly declare�察�that in these cases the absolute amount of the pain of labor does not determine the absolute amount of the wages。 Difference in the disutility or pain of labor can only give rise to variations from a normal wage�察�and as we shall take occasion to show�察�this normal wages is determined by an entirely different set of conditions。      The influence of the laboriousness or disagreeableness of the labor is often greatly modified and in some instances is entirely offset by opposite tendencies。 In Professor Marshall's ;evil paradox;��19*�� we have one of the earliest recognized facts of our economic experience。 This is the fact that unpleasant occupations�察�unless they demand some rare quality�察�usually bring in a wages that is not only no higher�察�but is ofttimes lower�察�than that paid in more pleasant occupations。      ��e�� Under normal wages I include the wages in all those occupations that do not require any rare or exceptional qualities。 This�察�of course�察�include the great mass of all occupations。 With this understood�察�it become clear that the disutility of labor has but an indirect�察�and in one sense crude influence upon the absolute height of the normal wages。 It undoubtedly prevents the introduction of an eighteen´hour labor day or even of a fifteen´hour day�察�but it has not been able to prevent the introduction of a thirteen or fourteen´hour day�察�as is shown by the history of the condition of the laboring classes。 No one would claim that the progress of humanity from a thirteen to an eight´hour labor day has corresponded step for step with a similar progressive movement in the subjective feelings of the laborer。 Nor will any one claim that the laborer will find in his wages an exact equivalent or recompense for the pain or disutility of his labor when he works thirteen hours per day。 Again�察�when he works twelve hours per day�察�and so on for eleven�察�ten�察�nine and finally for eight hours per day。 It is no nice variation in the point of equilibrium between utility and disutility that determines the length of the working day。 It is the changing of the relative strengths of the various social factors that plays the principal part in this determination。 This�察�within certain limits�察�which we cannot here stop to discuss�察�it will probably continue to do in the future。      ��f�� Finally the absolute height of the wages of skilled labor is manifestly still more independent of the disutility or pain of such labor。 I take it that no economist would urge that this is the element which finally determine the salary of the higher officials�察�great actors or singers�察�specially skilled workmen�察�managers of factories�察�lawyers�察�doctors�察�etc。      These various points taken together certainly justify the assertion made above�察�viz。�察�that the actual conditions which make possible an equilibrium of wages and pain�察�or of value and pain ��so far as the value of the product is dependent upon the height of the wage���察�do not obtain in our industrial life。 On the contrary�察�these conditions are only found in a relatively limited number of unimportant and exceptional cases。     This alone would be sufficient to show that in tracing the influence of disutility upon the value of goods�察�we have quite a different and indeed much narrower trail to follow�察�than that which leads to the great empirical law of cost。 This may be shown in the clearest and most convincing way from several different standpoints�察�and with this we are brought to the second proposition advanced at the end of the preceding section。 First�察�it may be shown that in many instance the correspondence of the value of goods with their cost�察�in the sense of the great empirical law of cost�察�not only does not imply that the value of the goods corresponds to the disutility or pain of labor�察�but actually exclude this assumption。 Exclude it not merely by chance or temporarily�察�but of necessity and permanently。      In order to avoid needless repetition�察�we will take an example that is sufficiently comprehensive to include nearly all possible cases。 In the production of nearly all ware there come into play�察�beside the commoner sorts of labor�察�some better paid skilled labor。 In the making of a common cloth coat�察�we will have the labor of some skilled cutter�察�or of a manager with a higher standard of life。 Again�察�in the weaving of the cloth�察�we find the better paid labor of factory bookkeeper�察�manager�察�etc。 If we go back to still earlier stage´the manufacture of the machine or looms�察�the mining or preparation of the steel�察�etc。  it is clear that the better paid labor of the engineer�察�foreman and manager will enter into the cost。      Let us now assume that the production of a cloth coat�察�including all stage�察�costs three days of common labor at eighty cents and one day of skilled labor at one dollar and sixty cents。 Let us also assume�察�for the sake of the argument�察�that the wages of eighty cents is an exact equivalent or recompense for the pain of a day's labor。 If the amount of this pain of labor is to figure as the regulator of price�察�then under the above assumptions�察�the price of the coat should not exceed three dollars and twenty cents�察�for the skilled labor of the engineer or bookkeeper is not more painful than that of the common miner or tailor。 Hence�察�if we take the pain as the standard�察�we cannot reckon the former as greater than the latter。 And yet we all know that under the above assumptions�察�a cloth coat could not�察�for any long time�察�be put upon the market for less than four dollars ��not including interest��。 This is manifestly out of proportion with the disutility of the labor。 And yet�察�according to the law of cost�察�the price of the coat in the long run�察�and under conditions of free competition�察�should tend or gravitate toward this disutility。��20*��     The lack of agreement of the cost�察�in the sense of the classical law of cost�察�with the disutility of labor�察�may be shown by approac

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