22 lines
718 B
Markdown
22 lines
718 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-08 -->
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# Combination of Masters
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## Definition
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The tacit and constant agreement among employers not to raise wages above their actual rate, which Smith argues is the natural state of things and is everywhere a most unpopular action to violate, often conducted with silence and secrecy when attempting to lower wages below this rate.
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## Source Chapter
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Book I, Chapter 8
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## Context
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Presented as the more effective side of wage negotiations, able to hold out longer than workmen due to greater financial resources and legal authorization for their combinations.
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## Economic Domain
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Regulation
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---
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