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Auteur: Adam Smith

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Particular acts of parliament, however, still attempt sometimes
to regulate wages in particular trades, and in particular places.
Thus the 8th of George III. prohibits, under heavy penalties, all
master tailors in London, and five miles round it, from giving,
and their workmen from accepting, more than two shillings and
sevenpence halfpenny a-day, except in the case of a general
mourning. Whenever the legislature attempts to regulate the
differences between masters and their workmen, its counsellors
are always the masters. When the regulation, therefore, is in
favour of the workmen, it is always just and equitable; but it is
sometimes otherwise when in favour of the masters. Thus the law
which obliges the masters in several different trades to pay
their workmen in money, and not in goods, is quite just and
equitable. It imposes no real hardship upon the masters. It only
obliges them to pay that value in money, which they pretended to
pay, but did not always really pay, in goods.

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