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# Statutes of Apprenticeship Effects

## Definition

Laws that, when a manufacture is prosperous, enable workers to raise wages above natural rates, but when the trade decays, may force wages below natural rates by excluding workers from alternative employments.

## Source Chapter

Book I, Chapter 7

## Context

Described as having a more durable effect in raising wages above natural rates than in reducing them below, with the latter effect lasting only as long as the lives of workers trained during prosperity.

## Economic Domain

Regulation

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