Why would Robert Owen disagree with David Ricardo's view that worker wages should be determined by supply and demand?

A. Owen believed wages should always be high because workers were the highest social class.
B. Owen believed workers should be compensated in educational opportunities rather than wages.
C. Owen believed wages should reflect a more even distribution of income for workers.
D. Owen believed wages should always be low because workers did their jobs for the greater good.

Question

29-06-2024
Social Studies

Answered

Why would Robert Owen disagree with David Ricardo's view that worker wages should be determined by supply and demand?

A. Owen believed wages should always be high because workers were the highest social class.
B. Owen believed workers should be compensated in educational opportunities rather than wages.
C. Owen believed wages should reflect a more even distribution of income for workers.
D. Owen believed wages should always be low because workers did their jobs for the greater good.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-06-29T10:55:26-04:00

Final answer:

Robert Owen disagreed with David Ricardo's view by advocating for a more equal distribution of income among workers.

Explanation:

Robert Owen disagreed with David Ricardo's view on worker wages determined by supply and demand because Owen believed that wages should reflect a more even distribution of income for workers. He focused on improving working conditions and pay for workers and believed in a fairer distribution of wealth among them, contrary to Ricardo's belief in market-driven wages.

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