pairs of shoes a day as they used to do with a hundred, and to sell their product cheaper and still make more profit.
The Result.
So we see that those two shoemakers alone lay off one hundred men. Each one still has fifty men working for, say, $2 a day. As time passes and the one hundred men outside can't find any work—because machinery is coming in rapidly in other branches of work also, and consequently men are being laid off everywhere—some of these fifty who used to work for Smith come to him and say: "Mr. Smith, I want some work. I've got to live; I've got a wife and some kids depending on me, and we've got to live somehow. If you'll only give me a chance to work again, I'll work for 25 or 50 cents less a day than I used to."
Smith's face begins to shine, because now he sees a chance to make more money yet. He sees a chance of cutting the wages. So after he has his scheme worked out he walks over to some of those working for him, saying: "Boys, I have a proposition to make. I've got to have this work done cheaper; I can't pay you more than $1.50 a day, and I can't use anybody who won't work for that."
This causes some of the men working for him to quit. As they leave, Smith opens the window, waves his hand to some of those fifty he laid off when the machines came along, and tells them if they want to work for $1.50, all right; if not, he can't use any of them. Some of them are already so hungry they eagerly shout at the top of their voices that they will work for $1.25 a day, if only given a chance.
Over in Jones' shop the same thing is happening. So now we have the wages down to $1.50 and $1.25, and still more men are outside ready soon to work for a dollar a day. Then something happens: Someone gets an idea into his head that if that keeps up, pretty soon they
