The Political Consequence of the Wages Fund Theory Is, At Least Concerning the Lot of Workers, To Leave Things To Themselves -- Laissez Faire

That is to say, from the wages fund theory follows the idea of harmony between the two “classes” capital and labour. It follows, in the words of McCulloch, “that at bottom they [the work-people] have no exclusive interests, and that their prosperity is intimately connected with, and is indeed inseparable from, the prosperity of the other classes.” If the capitalists thrive, so will workers. This leads Adam Smith to an optimistic interpretation of the development of society. He thinks it best to leave everybody free to achieve his selfish goals. The increase of capital that would result would be of advantage also to the working class. Thus, the political consequence of the wages fund theory is, at least concerning the lot of workers, to leave things to themselves -- laissez faire.

--Eduard Braun, "Financial Markets and Economic Growth" (PhD diss., Université d'Angers, 2011), 114-115.