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The Pamphlet Collection of Sir Robert Stout: Volume 86

VIII.—The Classes and the Masses

page 8

VIII.—The Classes and the Masses.

The total drawn by the legal disposers of what are sometimes called the "three rents" (on land, capital, and ability), amounts, therefore, at present to about eight hundred and fifty million pounds sterling yearly, or nearly two-thirds of the total produce. The following estimates, framed some years ago, support this view :
Mr. Giffen, "Essays in Finance," Vol. II., p. 467 £720,000,000
Mr. Mulhall, "Dictionary of Statistics," p. 246 818,000,000
Professor Leone Levi (King's College, London), Times, 13th January, 1885 753,000,000
Professor Alfred Marshall (Camb.), "Report on Industrial Remuneration Conference," p. 194 675.0. 000
The manual-labor class receives, On the other hand, for all its millions of workers, only some five hundred millions sterling :
Mr. Giffen, "Essays in Finance," Vol. II., p. 467 550,000,000
Mr. Mulhall, "Dictionary' of Statistics," p. 246 447,000,000
Mr. J. S. Jeans, "Statistical Society's Journal," Vol. XLVIL, p. 631 600,000,000
Prof. Leone Levi (as above) 521,000,000
Prof. A. Marshall (as above) 500,000,000*

Pie graph - Total produce and Income of manual-labor class

P.—Total produce £1,350,000,000
W.—Income of manual-labor class 500,000,000
Income of the legal proprietors of the three natural monopolies of land, capital, and ability £8 50,000,000

* These estimates, which are based on average rates of wages, multiplied by the number of workers, assume, however, reasonable regularity of employment, and take no account of the fact that much of the total amount of nominal wages is reclaimed from the workers in the shape of ground rent. Much must, therefore, be deducted to obtain their real net remuneration.

In this connexion it may be mentioned that the total income of the charities of the United Kingdom, including endowments, amounts to £10,040,000, or little over 1 per cent. of the foregoing total. £2,040,000 of this, it may be added, is expended upon Bible societies alone (Mulhall, "Dictionary of Statistics," p. 78). The total cost of poor relief in 1890-1 was £10,565,756 (Statistical Abstract—C. 6718).