The Fruits Of American Protection PDF Download

Excerpt from The Fruits of American Protection: The Effects of the Dingley Tariff Upon the Industries of the Country, and Especially, Upon the Well Being of the People The next pretense was that a high protective tariff was necas sary to increase the wages of the workingman, and to maintain what is called the American standard of living. But there are two well recognized facts that entirely contradict this argument. One is that the protected industries have become so powerful that they export great quantities of manufactured goods to foreign countries, and sell them there in the open market at a profit, in competition with the goods manufactured in those countries. If they can do this and maintain the wages of their workingmen as they do, they certainly could do it in this country without any tariff at all, for in this foreign competition they get no benefit from the American tariff. It is indeed an injury in some respects, because it does undoubtedly raise the cost of the raw material employed in the American manufactures. The other fact which equally demonstrates the unsoundness of this American standard of living argument is that the cost of living, and particularly the cost of rent have increased in greater ratio than wages. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.