ABSTRACT

English writers upon the distribution of wealth treat of wages before profits, and found their analysis of profits upon that of wages. The Irish analysis does the very reverse: it treats of profits before wages, and founds the analysis of wages upon that of profits. That money wages and commodity wages, at the same time and place, represent the same value, there can be no doubt. Wages, in the sense of commodity wages, have reference to the labourer as a consumer; wages, in the common popular sense of money wages, have reference to the labourer as a producer. The Irish Analysis has demonstrated that the labourer has not, and cannot have anything to rely upon for any important accession to his money wages, save his own individual exertion and good conduct.