But when we put the further question, "How is this income
divided among the various classes of the community?" we have to face
wider discrepancies of judgment. The difficulties which beset a fair
calculation of interest and profits, have introduced unconsciously a
partisan element into the discussion. Certain authorities, evidently
swayed by a desire to make the best of the present condition of the
working-classes, have reached a low estimate of interest and profits,
and a high estimate of wages; while others, actuated by a desire to
emphasize the power of the capitalist classes, have minimized the share
which goes as wages. At the outset of our inquiry, it might seem well to
avoid such debatable ground. But the importance of the subject will not
permit it to be thus shirked. The following calculation presents what
is, in fact, a compromise of various views, and can only claim to be a
rough approximation to the truth.
Taking the four ordinary divisions: Rent, as payment for the use of
land, for agriculture, housing, mines, etc.; Interest for the use of
business capital; Profit as wages of management and superintendence; and
Wages, the weekly earnings of the working-classes, we find that the
national income can be thus fairly apportioned--
Rent L200,000,000.
Interest L450,000,000.
Profits L450,000,000.
Wages L650,000,000.[1]
Total L1750,000,000.
Professor Leone Levi reckoned the number of working-class families as
5,600,000, and their total income L470,000,000 in the year 1884.
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25