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    Book I: Chapter 10 - Page 2

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    on in day-light, and above ground. Honour makes a great part
    of the reward of all honourable professions. In point of pecuniary gain, all things considered,
    they are generally under-recompensed, as I shall endeavour to shew by and by. Disgrace has
    the contrary effect. The trade of a butcher is a brutal and an odious business ; but it is in most
    places more profitable than the greater part of common trades. The most detestable of all
    employments, that of public executioner, is, in proportion to the quantity of work done, better
    paid than any common trade whatever.

    Hunting and fishing, the most important employments of mankind in the rude state of society,
    become, in its advanced state, their most agreeable amusements, and they pursue for pleasure
    what they once followed from necessity. In the advanced state of society, therefore, they are
    all very poor people who follow as a trade, what other people pursue as a pastime. Fishermen
    have been so since the time of Theocritus. {See Idyllium xxi.}. A poacher is everywhere a
    very poor man in Great Britain. In countries where the rigour of the law suffers no poachers,
    the licensed hunter is not in a much better condition. The natural taste for those employments
    makes more people follow them, than can live comfortably by them; and the produce of their
    labour, in proportion to its quantity, comes always too cheap to market, to afford any thing but
    the most scanty subsistence to the labourers.

    Disagreeableness and disgrace affect the profits of stock in the same manner as the wages of
    labour. The keeper of an inn or tavern, who is never master of his own house, and who is
    exposed to the brutality of every drunkard, exercises neither a very agreeable nor a very
    creditable business. But there is scarce any common trade in which a small stock yields so
    great a profit.

    Secondly, the wages of labour vary with the easiness and cheapness, or the difficulty and
    expense, of learning the business.

    When any expensive machine is erected, the extraordinary work to be performed by it before
    it is worn out, it must be expected, will replace the capital laid out upon it, with at least the
    ordinary profits. A man educated at the expense of much labour and time to any of those
    employments which require extraordinary dexterity and skill, may be compared to one of

    those expensive machines. The work which he learns to perform, it must be expected, over
    and above the usual wages of common labour, will replace to him the whole expense of his
    education, with at least the ordinary profits of an equally valuable capital. It must do this too
    in a reasonable time, regard being had to the very uncertain duration of human life, in the
    same manner as to the more certain duration of the machine.

    The difference between
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