ABSTRACT

The answer must obviously be on the same lines as the answer to the corresponding question about the general level of earnings. Primarily the level will depend on the magnitude of the produce per head and the proportions in which that produce is shared; the average individual, conceived as one who gets the average income from labour plus the average income from property, receives a total equal to the produce per head (of the whole population) divided between the two kinds of income in the proportions in which the total is divided.