[Letter] June 9,1892,Smith College [to F.H. Giddings]

June 9, 1892, Smith College.

Dear Friend,
       I have thought
of one other point that
we talked over, namely
the 0 wage laborer.
He is the man who is so
poor, as a worker that
one cannot afford to
put any capital into his
hands. The man with
5.00 can make that
sum produce more by
giving it to men who have
a quota of capital already.
These men are like the
0 rent land of the
Ricardian theory; and
all other men get what
they create above what
would be created by such
0 wage men. This
means, - take any from
a gang one of the 0 wage
men and put another
in his place. Measure the
difference effected in the
output of the gang, and
this difference will be
the natural wage of the
new man. It is his
rent of personal quality.
 The conclusion is that
all men who work in
organized industry represent
rent paying labor, and
all their wages are a surplus
due to personal quality,
and capable of being
measured by a Ricardian
formula.
 I rather think this
was the third point. You
may think of another. Don't
be at any trouble over
it. We can talk it all
over completely when
you are here.
I should say of Miss
Frances that she wishes
to live in Phila. and
be a graduate student at
Bryn Mawr if she can.
I will refer her to you
for information as to
what she can do.

     Yours Very Truly,
          J. B. Clark