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# Wages of a Journeyman

## Definition

The payment received by skilled workers who labour under the direction of a master craftsman or manufacturer. This represents the compensation for manual labour distinct from the profits earned by the employer.

## Source Chapter

Book I, Chapter 6

## Context

Used to illustrate how independent manufacturers can earn both wages and profits. Smith explains that such individuals gain both the wages of a journeyman and the profit that a master would make, though this combined income is commonly called profit.

## Economic Domain

Distribution

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