| Title | The Ragged Trousered Philanthropists |
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| Page | 1351 |
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| Chapter | -- |
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| Text |
`They sold their labour for so much per hour, and when they could not find any employer to buy it from them, they were reduced to destitution. `Whilst the unemployed workers were starving and those in employment not much better off, the individuals and private companies who owned the machinery accumulated fortunes; but their profits were diminished and their working expenses increased by what led to the latest great change in the organization of the production of the necessaries of life - the formation of the Limited Companies and the Trusts; the decision of the private companies to combine and co-operate with each other in order to increase their profits and decrease their working expenses. The results of these combines have been - an increase in the quantities of the things produced: a decrease in the number of wage earners employed - and enormously increased profits for the shareholders. `But it is not only the wage-earning class that is being hurt; for while they are being annihilated by the machinery and |
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