What makes wages rise, the buyers do not pay for the Toil and Trouble. The worker took nor for the length of time. He spent in working, they pay for the products, the better, the tools are which the worker uses in his job. The more he can perform in an hour. The higher is consequently his remuneration. What makes wages rise and renders, the material conditions of the wage earners more satisfactory is In the technological equipment, American wages are higher than wages.
In other countries because the capital invested per head of the worker is greater and the plants are thereby in the position to use the most efficient tools and machines would it's called the American way of life. Is the result of the fact that the United States has put fewer obstacles in the way of saving and capital accumulation. Ocean, then other nations, the economic backwardness of such countries as India, consists precisely in the fact that their policies hinder.
Both of the accumulation of domestic capital and the investment of foreign Capital as the capital required is lacking. The Indian Enterprises are prevented from employing sufficient quantities of modern equipment are therefore producing much less per man hour and can only We afford to pay wage rates, which compared with American wage rates appear as shockingly low. There is only one way that leads to an improvement of the standard of living for the
wage-earning masses. These, the increase in amount of capital invested all other methods. However, popular they maybe are not only futile, but are actually detrimental to the well-being of those. They allegedly want to benefit. It.