Publisher's Synopsis
Excerpt from Income of the Nation and Dividends of the Masses
From the beginning of history to the present day the great majority of mankind have had to earn their daily bread by the sweat of the brow. Modern inven tions, machinery and labor-saving devices have provided cheap power and have increased enormously the pro ductivity of labor employed in manufacturing and in other industrial pursuits. But they have not in an equal degree increased the yield of labor applied to the raising of grain, cattle, sheep, cotton and other produce of the farm, constituting the principal raw ma terials of food and clothing. A large part of the labor saved through inventions and machinery and various devices for the lessening of labor has been absorbed in new activities rendered necessary by increased density of population, by a state of civilization more compli cated, if not higher, and by changed standards of living. To maintain a civilized community at the present day it is necessary to provide many things that were not required before the great industrial development of modern times.
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