684 B
684 B
Combination of Workmen
Definition
The collective action by labourers to raise their wages through coordinated efforts, which Smith observes are frequently heard of and often involve violence, clamour, and outrage, though generally ending in punishment or ruin of the ringleaders.
Source Chapter
Book I, Chapter 8
Context
Discussed as one side of the wage negotiation dynamic, contrasting with the more successful combinations of masters, and illustrating the power imbalance between workers and employers.
Economic Domain
Regulation