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Expectations. Though from time to time it would be possible to them to finish wages toThe discounted size of an expected marginal product price of work, they, it is necessary
To believe, could not, how tried, really to lift the real Wages to the level corresponding to so low norm of percent, As simply there would be be no place to undertake to such real earnings.
In conditions to which we should apply these reasons - arising in Modern company at the last stages of boom, - the situation will differ Only on degree. Remains in force that businessmen, offering higher Monetary wages, cannot lift the real actually Wages to the level corresponding to low monetary norm of percent, As the above they will lift wages, the the prices will above be raised on
The goods. Interest and
Investment, necessary for maintenance it to number of workers The same real earnings (counting on one taken),
The constant wages expressed in terms of the consumer blessings.
Perhaps, that a share of cumulative earned incomes in
Company real earnings it is rigidly fixed. A gain of the sum of the monetary wage
Payments will allow workers to encroach on real earnings of a class of the investor. But increase
The monetary wages, but only
The relation of its significant part (see in this matter: Profits, pp. 52 ff.).,
That the additional money income paid in the form of wages, it is necessary to add that the argument resulted in the text does not mean, of course, if Only will not expect a runaway inflation. Differently, of course, that some compulsory will take place
Savings, At once that it is true in is spent for consumer goods, we not We are going to deny, I do not wish to tell, at the expense of people With the fixed money incomes it should be valid very much Significant - so that hardly businessmen will offer it, basically at the expense of a class of the investor. We deny only probability
That by means of forced savings will probably supply all
To increasing quantity of the people taken in production of the investment blessings And in this case limiting role will play Simple shortage of consumer goods, as, while all investments Accept highly capitalist forms, at each gain of employment only The small part of an additional labour begins to be directed to production Consumer goods. It results us in the second powerful factor, Which will have constraining effect in considered by us Situations. It consists that in such situation will not be available Enough of a labour for simultaneous increase flowing Issue of consumer goods and finishing of investments to the level set Norm of percent. While there are vacant reserves of a labour, really, as We will see, there are no reasons why businessmen not to use Unlimited means for that and other: to increase a volume of output Consumer goods for the near future by expensive, but Fast methods and to do preparations for cheaper production,
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