The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.
Socialism is good when it comes to wages, but it tells me nothing when it comes to other questions in life that are more private and painful, for which I must seek answers elsewhere.
In addition to joblessness, of course, by the working of supply and demand, when you have a larger number of people unemployed, wages do not rise at the normal level, so that we had last year a drop in real wages.
White men have always controlled their wives' wages. Colored men were not able to do so until they themselves became free. Then they owned both their wives and their wages.
