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  • There is no such thing as absolute cost of labour; it is all a matter of comparison. Every one gets the most which he can for his exertions; some can get little or nothing, because they have not sufficient strength, knowledge or ingenuity; others get much, because they have, comparatively speaking, a monopoly of certain powers.

    William Stanley Jevons (1970). “The Theory of Political Economy”, Penguin (Non-Classics)