text_original: As regards the effects upon the material condition of the wages receiving class, since it seems clear that capital increases faster than improvements, and probably faster even than population, it follows that in countries where the laboring classes are evidently growing in intelligence, they gain in wages with the progress of society. Such certainly seems to be the teaching of Mr. Giffen's late studies (see Book IV, Chap.
text_transcription: COMMENT AS REGARDS THE EFFECTS UPON THE MATERIAL CONDITION OF THE WAGES RECEIVING CLASS SINCE IT SEEMS CLEAR THAT CAPITAL INCREASES FASTER THAN IMPROVEMENTS AND PROBABLY FASTER EVEN THAN POPULATION IT FOLLOWS THAT IN COUNTRIES WHERE THE LABORING CLASSES ARE EVIDENTLY GROWING IN INTELLIGENCE THEY GAIN IN WAGES WITH THE PROGRESS OF SOCIETY SUCH CERTAINLY SEEMS TO BE THE TEACHING OF MISTER GIFFENS LATE STUDIES SEE BOOK FOUR CHAP
phonemes: æz ɹᵻɡˈɑːɹdz ðɪ ɪfˈɛkts əpˌɑːn ðə mətˈɪɹiəl kəndˈɪʃən ʌvðə wˈeɪdʒᵻz ɹᵻsˈiːvɪŋ klˈæs, sˈɪns ɪt sˈiːmz klˈɪɹ ðæt kˈæpɪɾəl ˈɪŋkɹiːsᵻz fˈæstɚ ðɐn ɪmpɹˈuːvmənts, ænd pɹˈɑːbəbli fˈæstɚɹ ˈiːvən ðɐn pˌɑːpjʊlˈeɪʃən, ɪt fˈɑːloʊz ðæt ɪn kˈʌntɹiz wˌɛɹ ðə lˈeɪbɚɹɪŋ klˈæsᵻz ɑːɹ ˈɛvɪdəntli ɡɹˈoʊɪŋ ɪn ɪntˈɛlɪdʒəns, ðeɪ ɡˈeɪn ɪn wˈeɪdʒᵻz wɪððə pɹˈɑːɡɹɛs ʌv səsˈaɪəɾi. sˈʌtʃ sˈɜːʔn̩li sˈiːmz təbi ðə tˈiːtʃɪŋ ʌv mˈɪstɚ. dʒˈɪfənz lˈeɪt stˈʌdiz (sˈiː bˈʊk ɹˌoʊmən fˈɔːɹ, tʃˈæp.