Thelikeholdstruefortheworkandpayoftheforceofworkmenengagedintheindustrialprocessesunderbusinessmanagement。Itholds,inameasure,ofallmodernindustrythatproducesforthemarket,butitholdstrue,inaneminentdegree,ofthoselinesofindustrythataremorefullyundertheguidanceofmodernbusinessmethods。Thesearemostcloselyintouchwiththemarketandaremostconsistentlyguidedbyconsiderationsofvendibility。Theyarealso,onthewhole,morecommonlycarriedonbyhiredlabor,andthewagespaidarecompetitivelyadjustedongroundsofthevendibilityoftheproduct。Thebruteserviceabilityoftheoutputoftheseindustriesmaybealargefactorinitsvendibility,perhapsthelargestfactor;butthefactremainsthattheendsoughtbythebusinessmenincontrolisaprofitablesale,andthewagesarepaidasameanstothatend,nottotheendthatthewayoflifemaybesmootherfor。theultimateconsumerofthegoodsproduced。27*
Theoutcomeofthisrecital,then,isthatwhereverandinsofarasbusinessendsandmethodsdominatemodernindustrytherelationbetweentheusefulnessoftheworkforotherpurposesthanpecuniarygainandtheremunerationofitisremoteanduncertaintosuchadegreethatnoattemptatformulatingsucharelationisworthwhile。Thisiseminentlyandobviouslytrueoftheworkandgainsofbusinessmen,inwhateverlinesofbusinesstheyareengaged。Thisfollowsasanecessaryconsequenceofthenatureofbusinessmanagement。
Workthatis,onthewhole,uselessordetrimentaltothecommunityatlargemaybeasgainfultothebusinessmanandtotheworkmenwhomheemploysasworkthatcontributessubstantiallytotheaggregatelivelihood。Thisseemstobepeculiarlytrueofthebolderflightsofbusinessenterprise。Insofarasitsresultsarenotdetrimentaltohumanlifeatlarge,suchunproductiveworkdirectedtosecuringanincomemayseemtobeanidlematterinwhichtherestofthecommunityhasnosubstantialinterests。Suchisnotthecase。Insofarasthegainsoftheseunproductiveoccupationsareofasubstantialcharacter,theycomeoutoftheaggregateproductoftheotheroccupationsinwhichthevariousclassesofthecommunityengage。
Theaggregateprofitsofthebusiness,whateveritscharacter,aredrawnfromtheaggregateoutputofgoodsandservices;andwhatevergoestothemaintenanceoftheprofitsofthosewhocontributenothingsubstantialtotheoutputis,ofcourse,deductedfromtheincomeoftheothers,whoseworktellssubstantially。
Thereare,therefore,limitstothegrowthoftheindustriallyparasiticlinesofbusinessjustspokenof。A