4T2 



PROCEEDINGS OF SECTION G. 



The Law of "Price " oh " Economic Value of Commodities." 



The previous tabular illustration relating to the experience of 

 Tasmania tends to prove that the standard rates of wages of 

 the individual breadwinners of the various divisions and sub- 

 divisions of all productive labour forces in any country are even 

 more extremely varied than th^ many degrees of variation marking 

 " the socially accepted standards of living," by which their various 

 standard rates of wages are actually determined. 



The illustration referred to shows that the average " pur- 

 chasing power of an average labour-hour" varies from 6. lid. per 

 labour-hour, in the lowest class, to 7s. 6.98d. in the highest, 

 thus : — 



Percr-ntage 



of all 



Breadwinners. 



(a) Human Agents engaged in 

 Production, 



Glass I. — Unskilled workers 

 ,, ir— Skilled -workers 

 ,, III. — Under middle class . . 

 ,, IV. — Upper middle class. . 

 ,, V. — Glass with incomes 

 over £1,000 per annum 



All human agents (bread- 

 •.vinners) 



(b) Man's Allied AuxiLiARr 



FoRCES. 



Standard " Unit " of "the aver- 

 age cost " per " Composite 

 Labour-hour " of all productive 

 agencies 



75-38 



15-76 



7-35 



1-21 



0-30 



100-00 



Averago Kate of Wages per 

 Breadwinner. 



