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Autor: Adam Smith

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The difference between the money price of labour in China and in
Europe, is still greater than that between the money price of
subsistence; because the real recompence of labour is higher in
Europe than in China, the greater part of Europe being in an
improving state, while China seems to be standing still. The
money price of labour is lower in Scotland than in England,
because the real recompence of labour is much lower: Scotland,
though advancing to greater wealth, advances much more slowly
than England. The frequency of emigration from Scotland, and the
rarity of it from England, sufficiently prove that the demand for
labour is very different in the two countries. The proportion
between the real recompence of labour in different countries, it
must be remembered, is naturally regulated, not by their actual
wealth or poverty, but by their advancing, stationary, or
declining condition.

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