revision in the light of argument and
evidence."[37]

FOOTNOTES:

[30] A. Marshall, "Principles of Economics" (7th Edition),
page 218.

[31] For an interesting account--from the point of view of
the visiting observer--of the mobility of American Labor,
see the Board of Trade (Great Britain) investigation:
"Working Class Rents, etc., in American Towns" (1911). CD
5609, Pt. V. "... As a consequence partly of the
comparatively rapid industrial development of the country
and partly of the scope of its resources, and acting in
response to the opportunities which are offered, either in
centers where urban industries may be more rapidly
expanding, in agriculture or in mining the mobility of labor
is unusually great. In fields of employment that are well
known as centers towards which great numbers of foreigners
drift; in which much of the labor is unskilled; in which
work is especially laborious as in the iron and steel works,
or especially intermittent as at the stock yards and packing
houses of Chicago, the constantly changing stream of labor
that passes through is a conspicuous factor of the
situation. But in general, there is an unusual degree of
movement and restless change."

[32] F. W. Taussig, "Principles of Economics" (Revised
Edition), Vol. II, page 142.

[33] G. D. H. Cole, "Introduction to Trade Unionism," page
11.

[34] G. D. H. Cole, "Introduction to Trade Unionism," page
61.

[35] For an eloquent and incisive discussion of this whole
subject, based, of course, on the facts of his own time, see
the chapter in J. S. Mill, "Principles of Political
Economy," entitled "Of the differences of wages in different
employments." Book II, Chapter XIV, concludes: "Consequently
the wages of each class have hitherto been regulated by the
increase of its own population rather than of the general
population of the country." Page 393. (Edition Ashley.)

[36] J. N. Stockett, "Arbitral Determination of Railway
Wages," pages 165-6. See also account in Lord Askwith's
"Industrial Problems and Disputes" of the influence of
customary differentials upon wage movements during the war,
pp. 400-26.

[37] Page 232, Vol. II (1918-19), S. Aust. Ind. Reports, The
Furniture Trades Case.

CHAPTER V--WAGES AND PRICE MOVEMENTS

Section 1. The transactions of distribution arranged in terms of
money. How does this affect the outcome of distribution as regards
wages?--Section 2. The characteristics of price