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Finally, the producer adds on a profit that will also be used to pay for the upkeep of equipment. Originally, the laborer received the full value of the price. However, this state could not last because of the appropriation of land and the accumulation of stock.
He believed that wages were very important and beneficial...
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The wage a laborer receives is the replacement for the profit he would gain by selling the product he produces. In this manner, the laborer is spared the responsibility of procuring materials and equipment, and of having to try to market the product. Instead, he gains cash for his labor. Wages are affected by many factors...
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