ABSTRACT
The near approach of a stationary condition of population in Great Britain, is one which should be of peculiar interest to the Political Economy Club. This chapter argues that there will tend to be less mobility of labour, with a stationary population. It describes that there will be present factors which would produce a diminution of mobility, if other things not obviously consequentially connected with the change. The chapter discusses the effects on productive power of the cessation of the growth of population, by turning from the effects on the labour force to the effects on saving. It considers that the effects of the change people are contemplating on productive power, or the conditions of supply. Productive power is essentially a relative conception depending partly on what is desired to produce. To get the average for the whole population, the aggregate produced by the constant age group must be divided by a larger quantity.
