Low profits induce the employers to reduce the wages, or the number of workers, or the number of days of employment during the week, or eventually compel them to resort to the manufacture of lower kinds of goods, which, as a rule, are paid worse than the higher sorts.
Kropotkin discusses the negative impact of low profits on wages and employment in the manufacturing sector.
Share
More from Petr Alekseevich Kropotkin
None of these are produced in greater quantities than would be required to secure well-being for all; and the over-production, so often spoken of, means nothing but that the masses are too poor to buy even what is now considered as…
Already during my stay at Clairvaux I saw the necessity of completely revising the formula itself of ‘struggle for existence’ in the animal world, and its applications to human affairs.
I took a lively part in this movement, and with a few English comrades we started, in addition to the three socialist papers already in existence, an anarchist-communist monthly, ‘Freedom,’ which continues to live up to the present day.
Far more important, however, than this outbreak of discontent, was the spirit which prevailed amongst the poorer portion of the working population in the outskirts of London.
Other voices in this conversation
