2d, Participation in profits;
3d, Immunity from losses.
It may be said, perhaps, that these stipulations were neither so unjust nor so impossible as they appeared, seeing that they are introduced in many enterprises, having reference to newspapers, railways, etc.
I answer that there is something truly puerile in allowing oneself to be duped by high-sounding names applied to very trivial things. A little candour will at once convince us that this participation in profits, which some concerns allow to their workmen receiving wages, does not constitute association, nor merit that title, nor is it a great revolution introduced into the relations of two classes of society. It is only an ingenious and useful encouragement given to workmen receiving wages, under a form which is not exactly new, although it has been represented as an adhesion to Socialism. Employers who, in adopting this custom, devote a tenth, a twentieth, or a hundredth part of their profits, when they have any, to this largesse bestowed on their workmen, may make a great noise about it, and proclaim themselves the generous renovators of the social order; but it is really unworthy of occupying more of our time at present, and I return to my argument.
The system of payment by wages, then, was a step of progress. In the first instance, anterior labour and present labour were associated together with common risks, in common enterprises, the circle of which, in such circumstances, must have been very limited. If society had not discovered other combinations, no important work could ever have been undertaken. Men would have remained hunters and fishers, and there might have been perhaps some rude attempts at agriculture.
Afterwards, in obedience to the double feeling which prompts us to seek stability, and, at the same time, retain the direction of those operations of which we must encounter the risks, the two associates, without putting an end to the association, seek to supersede the joint hazard by a fixed bargain, and agree that one of them should give the other a fixed remuneration, and take [p367] upon himself the whole risk, along with the exclusive direction of the enterprise. When this fixity applies to the anterior labour, or capital, it is called interest; when it applies to the present labour, it is called wages.
But, as I have already said, wages serve only imperfectly to constitute a state of stability for a certain class of men, or of security in regard to the means of subsistence. It is one step, and a very marked one, towards the realization of this benefit, and so difficult that at first sight we should have thought it impossible; but it does not effect its entire realization.
And it is perhaps worthy of remark in passing, that fixity of situation, stability, resembles in one respect all the great results of which mankind are in pursuit. We are always approximating to such results, but we never fully attain them. For the very reason that stability is a good, a benefit, we must always be making efforts more and more to extend its domain; but it is not in our nature ever to obtain complete possession of it. We may even go the length of saying that to obtain such possession would not be desirable for man in his present state. Absolute good of whatever kind would put an end to all desire, all effort, all combination, all thought, all foresight, all virtue. Perfection excludes the notion of perfectibility.
The working classes having then, with the lapse of time and the progress of civilisation, reached the improved system of payment by wages, have not stopped short at that point, or relaxed their efforts to realize stability.
No doubt wages come in with certainty at the conclusion of the day’s work; but when circumstances—as, for example, an industrial crisis, or a protracted illness—have interrupted work, the wages are interrupted also. What, then, is the workman to do? Are he and his wife and children to be deprived of food?