Investing · Western classics
Adam Smith:The Wealth of Nations, Book I, Chapter X, Paragraph 276
Adam Smith《The Wealth of Nations》· Book I, Chapter X · Investing
When the trades which generally afford constant employment, happen in a particular place not to do so, the wages of the workmen always rise a good deal above their ordinary proportion to those of common labour. In London, almost all journeymen artificers are liable to be called upon and dismissed by their masters from day to day, and from week to week, in the same manner as day-labourers in other places. The lowest order of artificers, journeymen tailors, accordingly, earn their half-a-crown a-day, though eighteen pence may be reckoned the wages of common labour. In small towns and country villages, the wages of journeymen tailors frequently scarce equal those of common labour; but in London they are often many weeks without employment, particularly during the summer.
Source:
https://www.gutenberg.org/ebooks/3300
Locator:Book I, Chapter X, paragraph 276 · Verified:2026-10-19 · Verification:Exact match
This is a direct reading: the original and source are kept; commentary will be added later.
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