David Ricardo：On the Principles of Political Economy and Taxation, Excerpt 106

Notwithstanding, then, that the labourer would be really worse paid, yet this increase in his wages would necessarily diminish the profits of the manufacturer; for his goods would sell at no higher price, and yet the expense of producing them would be increased. This, however, will be considered in our examination into the principles which regulate profits.

Source： https://www.gutenberg.org/ebooks/33310
Locator：Excerpt 106 · Verified：2026-10-19 · Verification：Short excerpt

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