Wage-earner

The instance of a few buyers and many sellers in the factor market with many buyers and sellers in the product market is typified by the classic cases of unorganized wage-earners in company towns, for instance, textile and coal.

It is not to be assumed, of course, that the whole body of the population living in the tenements, of which New Yorkers are in the habit o£ speaking vaguely as “the poor,” or even the larger part of it, is to be classed as vicious or as poor in the sense of verging on beggary. New York’s wage-earners have no other place to live, more is the pity.

During the past two years we have been at great pains to elaborate a constructive programme to be followed after the wage-earners had repudiated wagery.