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Principles of Political Economy, Vol. 2

Note 168-1 — Chapter III

John J. (John Joseph) Lalor translation

The greater the preparatory cost of labor is, the more difficult it is for workmen to go from one kind of labor to another; but, at the same time, the more certain it is that, without the inducement of a premium paid, there will be no after increase or recruiting of labor-force.

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