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Sweated industry and the minimum wage

Note 74 — Chapter I · EXISTING CHECKS

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It may be worth noting here—though the point lies outside the scope of this chapter—that an expansion of trade when wages do not rise leads to the extraordinary state known as overproduction, in which producers complain that they cannot find a market for their wares, at the same time that hundreds of fellow citizens are seen to be in crying need of these same wares.

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