And this might perhaps demonstrate to others the Folly of restraining Trade in any Degree whatsoever, and be a Means to point the Way to make their People happy in Trade, without such Restraints, or ever going to War with each other about it; for War, I am sure, is always in its Consequences, as destructive of Trade as it is of the Peace and Happiness of Mankind.
But the above Estimate shews, that if the Produce of the Earth were doubled, it would certainly be consumed, since the Wages of the labouring People, who are the bulk of Mankind, are not sufficient to purchase above half the Necessaries such a Family doth require. If it be said, every one hath not so large a Family; I answer, that many have larger; and as it is reasonably expected, every Man should provide for his own Family, how large soever it may be; it hence becomes fit, that every Man should be capable to earn, at least, as much as will provide for such a middling Family, as the Estimate is made for.
But I must observe, that the Produce of the Earth could not be doubled, unless the Quantity of Land in Use were also doubled;for the Land in Use doth certainly, generally, produce as much as it can well be made to bear; therefore it follows, there must be twice as much Land to bear twice the present Quantity of Produce, which the Estimate shews would be consumed, without altering the several Ranks and Stations of Man in any Respect, but that of being comfortably supported in the several Ranks and Stations of Life.
But to double the Produce, there must be double the Number of People employed in Cultivation of Land. Now, I think it self-evident, that Trade, Manufactures, etc. could not possibly spare half such a Number of People out of them, without making Trade, Manufactures, etc. much too profitable, and encouraging, to suffer half so many People to employ themselves any other Way.
For as it is the Demand, which governs and fixes the Price of every thing, if so many People were to be taken out of Trade, Manufactures, etc. as half the Quantity of Land, we have now in Use, would require to cultivate and improve it, and go through all the Parts of Business arising thereby, the Manufacturers, Traders, etc. would undoubtedly be able to exact almost what Price they pleased for their Work and Business. Upon the whole then, we may see, that all the Produce of the Earth and Manufactures would be wanted and used, if Things were to be put on so happy a Foot, as I am pointing out; and that the Wants of Mankind are full as great, as both their Abilities, and the Earth too, are capable of supplying; whence it follows, that any Want of Employment or Trade amongst the People, is solely owing to this, that we have not Land enough in Use to employ and support them.
Again, I would observe, that if the present Quantity of Produce were to be augmented only one Fourth at most (and perhaps People enough might be spared out of Trade, Manufactures, etc. to do this) it would certainly fall the Price of the Produce half.
For since Farms must, in this Case, be one Fourth more numerous than they are, the Rents of Lands would thereby necessarily be considerably lowered; and if the Produce of the Earth would, in this Case, be augmented to so great a Degree, as a fourth Part also, as I suppose it certainly would; these Things taken together, I think, could not fail to lower the Price of the Produce half, and then Labour would of Necessity be lowered also, because the working of Necessity be lowered also, because the working People would be under no less Necessity than they are now, to work as cheap as they possibly can.
For if, as it hath been shewn, the Produce can't be doubled, to enable the working People to be double the Consumers they now are, as the Estimate shews they certainly would, if they could get it, and that without bringing them at all out of the Rank and Condition of working People: Nay, if the Produce can't be increased half, nor perhaps hardly one Fourth neither, would not absolute Necessity oblige the working People to work as cheap as they possible can, that they may be able to supply their Wants as far as they can, which yet, it appears by the Estimate, must be considerably abridged, notwithstanding the Plenty, which a fourth Part more Land than we now have in Use would produce; and notwithstanding too, that there would, in this Case, be so much more Employment for the working People, as would fill up the whole Time they have to labour in: So true is the Proverb, and so true 'twill always be, That nothing is cheap, but poor Folks Labour.
But this Estimate shews, how much the Necessaries of Life ought to be lowered in Price, in order to reduce the Wages of the labouring People, so as to make much more Employment for them, and at the same time increase the Consumption of every thing to such a Degree, that there may be a great deal more Business amongst the trading Part of the People.