"It thus appears, that if population increases, without an increase of capital, wages fall; and that if capital increases, without an increase of popidation, wages rise. It is evident, also, that if both increase, but one faster than the other, the effect will be the same as if the one had not increased at all, and the other had made an increase equal to the difference."
Wage

January 1, 1970

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Original Language: English