Note 38 — THE PHILIPPINES, 1860–1898—SOME COMMENT AND BIBLIOGRAPHICAL NOTES
Reading edition
It is another instance of the old tendency to emphasize political evils and remedies, and neglect economic considerations, in the Philippines. The labor monograph of V. S. Clark, above cited, brings out the fact that higher wages for Filipinos since 1898 are in part only a compensation for the previous penalization of the Filipino laborer through a declining medium of exchange. ↑