I. The Transforming of Instinctive into Conscious Impulses

There will therefore be a larger supply of proletarian labor. Moreover, owing to their increased prosperity, the workers will multiply more quickly—and so on. In short, the supply will be increased. As a result, the laborer will be easier to obtain; and we shall therefore begin once more to underpay him. The wages will therefore fall back to their former level. Through the very rise in wages, phenomena are induced which causes them to fall again. Or let us assume that wages fall through any circumstance. Poverty and wretchedness will be the result and the supply of labor will be reduced. Workers will die more quickly, or they will get diseases. They will have fewer children. So the supply of labor power will be reduced, and this in turn will bring about an increase in wages. But the increase cannot go on essentially beyond the level of the iron law.