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Show WAGES AND PROFITS. Where They Both Come From As One Crows, Other Must Shrink. Labor produces all wealth; -apilal-Ists control labor and the wealth produced pro-duced by labor. The function of producing pro-ducing wealth is lo divide the product into -wo portions, one to be retained by the laborer, tho other to be retained re-tained by the capitalist. The portion retained by the laborer Is railed waxes: the portion retained by thy capitalist is called profit. Labor piodnces all wealth, but can pnrchabo only snch portion of Its own product as Is m-tod out by the wage fund. In other words, tho consuming power ot the laboring class is limited to such a portion i lus own product ns equals the value of Its wage. Tbo remainder of the product is retained hy tho capitalist class. The progress of capitalist produe-tlon produe-tlon is marked by a constant decrease In wares and the consuming power of labor en tlm one hand, and, on the other hand, It Is distinguished hy a corresponding Increase in the profits and consuming power of the capitalist. In tho primitive stages of production, when tod a were owned and operated by Independent, i.inglc operators, tho laborer and the tool-operating capitalist capital-ist were both united in one person. That capitalist clss whose capital consisted entirely of tools aud raw material were identical with the la-lorlng la-lorlng class who operated the tools. At this stage of mechanical production produc-tion the laborer owned Ihe entire product of his l.ilor. The laborer-capitalist sold his product for Ihe full equivalent of its value. Since labor was paid the exact equivalent of ita product it was able to consumo its entire product. Then there was no surplus product In the market, overproduction; over-production; no thousands unemployed unem-ployed and Btarvln-; because they had produced too much. Exchange. |