What conclusion is reached by Mr. Mill respecting the objections to the use of labor-saving machinery?
This result is most probably due to the gain arising from the invention of labor-saving machinery.
Similar energy has been put into all labor-saving machinery, and still plays an important part in devising the best uses for it.
But it provides no direct method for readjusting business under the pressure of great changes in methods of management, nor does it save from strong antipathy against the improvement of a business by labor-saving machinery.
Under ordinary circumstances, the introduction of laborers able to live more cheaply acts upon the better class of laborers exactly like the introduction of labor-saving machinery.
They limit the output, fix the maximum amount, and forbid the use of labor-saving machinery.
The mistaken view is essentially that of the opponents of labor-saving machinery.
To abolish banks would be to destroy labor-saving machinery.
With these pregnant facts before us, it is very strange that it should not be perfectly plain to every one that what is true of labor-saving machinery in peace is likewise true in war.
Everywhere, in everything we do, and in everything done for us, we find human hands now mainly engaged in guiding the work of labor-saving machinery.
Continual increments of labour-saving machinery displace a number of workers, compelling them to remain wholly or partially unemployed, until they have "adjusted" themselves to the new economic conditions.
The usual answer is that the economy effected by labour-saving machinery in the expenses of production will, through competition of producers, be reflected in a lower scale of prices, and this fall of prices will stimulate consumption.
It may be diverted from muscular monotony in printing to the less muscular monotony of providing some new species of luxury, the demand for which is not yet sufficiently large or regular to justify the application of labour-saving machinery.
And under present conditions the more labor-saving machinery he invents, the tighter he rivets his chains.
But this is not the fault of labor-saving machinery, nor of capital, nor of development by itself considered.
Labor-saving Machinery of the Eighteenth Century=] Both in Great Britain and in America notable triumphs in the invention of labor-saving machines were accomplished in the closing period of the eighteenth century.
They have learned, that the remedy indicated is a change to an industrial system, that will secure to the laborer an equitable share of the benefits, which follow the introduction of labor-saving machinery.
From another point of view, we may discover that inventive genius, has added a long list of labor-saving machinery, to the equipment of the farm.
Suppose a capitalist in adopting labor-saving machinery calculated to keep all his former employees and make his profit by getting a larger product with the same labor cost.
Then there was the third of the three main kinds of reductions in price to be credited to competition--namely, that made on account of labor-saving machinery or other inventions which enabled the capitalist to discharge his laborers.
We do not make war on labor-saving machinery, which, we have heard it said, increases the power of capital six hundred million fold, though that seems to us hardly credible.
Perhaps nothing has tended so much to enlarge the inequality between capital and labor as the introduction of labor-saving machinery in nearly all branches of industry.
Are the good, kind capitalists going to abandon the use of wages-saving machinery if we tax all foreign-made goods?
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "saving machinery" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
