Comment on Langer – The Social Question by qasim

Nice article. I am quite confused over the relationship between jobs and having children and women to work for excessive hours.
You mentioned that overpopulation led to too few jobs for too many people. Then how does it lead to people working for such long hours and for such low wages. This is because as quantity supply decreases, the price equilibrium should translate vertically. Based on this logic, it would eliminate the need for children to work. Moreover, it would result in pauperization which you have mentioned along with Karl Marx’s comment on it at the end.
I may be missing something, so kindly correct me and explain if I’m wrong.

Comment on Kessler “McCellan – Industrial Revolution” by qasim

I’d differ at the point you made where you said, “However with these negative conditions came a workforce that was very productive. ” One of the commentators mentioned that such kind of abuse leads to child labor. On that note, drawing a similar connection to the Ancient Greek civilization where the Greeks failed to be more efficient and optimize their tasks due to the presence of slaves.
So, do you think that if children and workers were given a better treatment, yet made them aware of the opportunities that lay ahead, factories would have become more efficient than the measured output?

The Rise of Big Businesses : RAILROAD Industry

This post is regarding the exponential value the railroad industry played in the development of the American economy and most importantly, American business practices and ideologies: The Rise of Big Businesses starts off by describing the emergence of ‘managerial revolution’ after 1841 which resulted from a train clash incident earlier in Massachusetts. This led to the …

Continue reading “The Rise of Big Businesses : RAILROAD Industry”