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It is because the demand for labour increases in years of sudden

and extraordinary plenty, and diminishes in those of sudden and

extraordinary scarcity, that the money price of labour sometimes

rises in the one, and sinks in the other.

In a year of sudden and extraordinary plenty, there are funds in

the hands of many of the employers of industry, sufficient to

maintain and employ a greater number of industrious people than

had been employed the year before; and this extraordinary number

cannot always be had. Those masters, therefore, who want more

workmen, bid against one another, in order to get them, which

sometimes raises both the real and the money price of their

labour.