▁higher ▁w ages ▁and ▁an ▁acceptable ▁standard ▁of ▁living . ▁R ising ▁real ▁w ages ▁are ▁secured ▁by ▁growth ▁through ▁increasing ▁product ivity ▁against ▁stable ▁price ▁levels , ▁i . e . ▁prices ▁not ▁affected ▁by ▁infl ation . ▁A ▁system ▁of ▁liberty , ▁secured ▁through ▁political ▁institutions ▁where up on ▁even ▁the ▁" lower ▁ranks ▁of ▁people " ▁could ▁secure ▁the ▁opportunity ▁for ▁higher ▁w ages ▁and ▁an ▁acceptable ▁standard ▁of ▁living . ▁ ▁Based ▁on ▁these ▁writ ings , ▁Smith ▁advoc ated ▁that ▁labor ▁should ▁receive ▁an ▁equ itable ▁share ▁of ▁what ▁labor ▁produces . ▁For ▁Smith , ▁this ▁equ itable ▁share ▁amount ed ▁to ▁more ▁than ▁subs istence . ▁ ▁Smith ▁equ ated ▁the ▁interests ▁of ▁labor ▁and ▁the ▁interests ▁of ▁land ▁with ▁over arch ing ▁soci etal ▁interests . ▁He ▁reason ed ▁that ▁as ▁w ages ▁and ▁r ents ▁rise , ▁as ▁a ▁result ▁of ▁higher ▁product ivity , ▁soci etal ▁growth ▁will ▁occur ▁thus ▁increasing ▁the ▁quality ▁of ▁life ▁for ▁the ▁greater ▁part ▁of ▁its ▁members . ▁ ▁Like ▁Smith , ▁supp or ters ▁of ▁a ▁living ▁w age ▁argue ▁that ▁the ▁greater ▁good ▁for ▁society ▁is ▁achieved ▁through ▁higher ▁w ages ▁and ▁a ▁living ▁w age . ▁It ▁is ▁argued ▁that ▁government ▁should ▁in ▁turn ▁attempt ▁to ▁align ▁the ▁interests ▁of ▁those ▁purs uing ▁prof its ▁with ▁the ▁interests ▁of ▁the ▁labor ▁in ▁order ▁to ▁produce ▁soci etal ▁advantages ▁for ▁the ▁majority ▁of ▁society . ▁ ▁Smith ▁argued ▁that ▁higher ▁product ivity ▁and ▁overall ▁growth ▁led ▁to