No laborer can be employed unless he produces more than he consumes. otherwise there could be no profit In employing him. That surplus over the value of what the laborer receives for himself constitutes the compensation of capital. and necessarily becomes a contribution to the common fund. the general wealth through which industry is directed. its efficiency promoted. and its product increased. Let thatsteady tide of increased contribution to capital be shut out. as you are proposing now. and what must be the consequences? Our experience for the last four years affords the answer. During the World War there was practically no immigration. What has been the result? A grave interruption of industry.
Keywords matched
immigration