Page:Das Kapital (Moore, 1906).pdf/619

 therefore, unequal international values, which are expressed in different prices, i.e., in sums of money varying according to international values. The relative value of money will, therefore, be less in the nation with more developed capitalist mode of production than in the nation with less developed. It follows, then, that the nominal wages, the equivalent of labour-power expressed in money, will also be higher in the first nation than in the second; which does not at all prove that this holds also for the real wages, i.e., for the means of subsistence placed at the disposal of the labourer.

But even apart from these relative differences of the value of money in different countries, it will be found, frequently, that the daily or weekly, &c., wage in the first nation is higher than in the second, whilst the relative price of labour, i.e., the price of labour as compared both with surplus-value and with the value of the product, stands higher in the second than in the first.

J. W. Cowell, member of the Factory Commission of 1833, after careful investigation of the spinning trade, came to the conclusion that, “in England wages are virtually lower to the capitalist, though higher to the operative than on the Continent of Europe.” (Ure, p. 814.) The English Factory Inspector, Alexander Redgrave, in his Report of Oct. 31st, 1866, proves by comparative statistics with Continental states, that in spite of lower wages and much longer working-time, Continental labour is, in proportion to the product, dearer than English. An English manager of a cotton factory in