Of this $11,271,708 was the value of collars and cuffs (89.5% of the value of the total American product), an industry which gave employment to 49.3% of the wage-earners in Troy, and paid 42.1% of the wages.
Much of the improvement in the lot of the wage-earners has been due to the Labour organizations, yet so late as 1881 these organizations were of so little account, politically, that when the law relating to trades unions was passed in New South Wales, the English law was followed, and it was simply enacted that the purposes of any trades union shall not be deemed unlawful (so as to render a member liable to criminal prosecution for conspirac y or otherwise) merely by reason that they are in restraint of trade.
In Sardinia wage-earners are paid lod.
Its chief industry is the mining of anthracite coal; the principal establishments are railway repair shops, which in 1905 gave employment to 48.9% of all wage-earners engaged in manufacturing.
We shall best illustrate the character and method of economic reasoning by examples, and for that purpose let us take first of An all a purely historical problem, namely, the effect on of the wage-earners of the wages clauses of the Statute of Apprenticeship (1563).
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