Investing · Entrepreneur memoirs

Samuel Smiles:Thrift, Excerpt 220

Samuel Smiles《Thrift》· Thrift · Investing

Workmen are for the most part disposed to associate; but the association is not always of a healthy kind. It sometimes takes the form of Unions against masters; and displays itself in the Strikes that are so common, and usually so unfortunate. Workmen also strike against men of their own class, for the purpose of excluding them from their special calling. One of the principal objects of trades-unions is to keep up wages at the expense of the lower paid and unassociated working people. They endeavour to prevent poorer men learning their trade, and thus keep the supply of labour below the demand.[1] This system may last for a time, but it becomes ruinous in the end.

Source: https://www.gutenberg.org/ebooks/14418
Locator:Excerpt 220 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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