Word: undersold
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...protectionist. The general average of wages is entirely unaffected by protection, since the rate of wages depends only on the amount produced by the laborer. It is said that when wages are 35 cents a day in Germany and $1.50 here, without a tariff we should be undersold by pauper labor. But time wages are of no importance. The question is, which labor is cheapest for the manufacturer? Statistics show that the highest wages are the cheapest, and that low wages are the most expensive. A shoe which costs the employer 38 cents here costs the German manufacturer 80 cents...