What does Bismarck mean when he says: “The question of labor time and wage increases is extraordinarily difficult to solve through state intervention, through legislation at all; for in any settlement that one makes, one runs the danger of interfering very considerably and unnecessarily in the personal freedom of getting value for one’s services…” How does this relate to Adam Smith?
In discussing the “insecurity” of the worker’s “existence” Bismarck refers to three issues. What are they and what provisions do we have in the welfare system in the United States to death with them?
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