Minimum wage

"A part of the Bill went to interfere in the bargains made between the master manufacturer and his workmen, upon a principle which could not fail to produce the most mischievous consequences; and he could not help observing, with relation to this point, that the idea of some persons, that a minimum of wages would be beneficial to the workmen employed, was the most mistaken notion that had ever been conceived, for the inevitable consequence must be, that in the case of a slackness of work, the masters would discharge their workers altogether, rather than employ them at the minimum wages."