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and Karl Marx who we're going to study in a week.
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The contribution of Ricardo to Malthus was that Ricardo had
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devised what he called "The iron law of real wages."
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The gist of that was that no matter what the technology,
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no matter what the demographics,
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the inflation adjusted wages paid to unskilled labor
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would always tend toward
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the bottom of the scale we've been looking at,
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would always tend toward the level of mere survival,
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or subsistence as they say.
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In the back of Malthus' thinking is both Ricardo's iron law
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and the empirics of 200 years of stagnate wages,