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Wages are affected by many factors. First, there needs to be a fair wage for the employees. The second is the difficulty and expense of learning the employment. The third is the constancy of employment in them. The fourth is the amount of trust, which must be placed in the employees. Finally, the fifth is the probability of success in them...

Finally, the fifth is the probability of success in them.

Smith decided that wages must be at least enough for two people to live on, so that the workers can raise a family to keep the workforce going. The higher the wage is, the more likely a working family is to have more children, because children become a benefit...

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