Rents
As stated in the previous section Ricardo saw a conflict between the interest of workers and capitalists. An even more basic conflict exists he said between landlords and the rest of society. As population increases the increased demand for food will raise its price. We know from our previous discussions that this will bring poorer land into cultivation and will cause better land to be worked more intensively. Rents therefore will rise. Nominal wages we have seen will also rise to maintain the natural or subsistence wage. Thus profit and the profit share of the national income will fall.