Unternehmertum und Wirtschaftslähmung

The new industrial revolution and wages

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Monograph

Identifikator:: 1011220512

URN:: urn:nbn:de:zbw-retromon-20728

Document type:: Monograph

Author:: Hasenack, Wilhelm http://d-nb.info/gnd/118546589

Title:: Unternehmertum und Wirtschaftslähmung

Place of publication:: Berlin

Publisher:: Brückenverlag

Year of publication:: 1932

Scope:: 1 Online-Ressource (XV, 189 Seiten)

Digitisation:: 2018

Collection:: Business and Management Classics

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: III. Die Krise der wirtschaftlichen Elastizität

Collection:: Business and Management Classics

ACCEPTANCE OF NEW THEORY 147 A living wage may [the Court declared] be defined as a wage which enables the worker to supply himself and those absolutely dependent upon him with sufficient food to main- rain life and health; with a shelter from the inclemencies of the weather; with sufficient clothing to preserve the body from the cold and to enable persons to mingle among their fellows in such ways as may be necessary in the preservation of life. But it is not a living wage only which this court is commanded by the people of this State to assure workers engaged in these essential industries. . . . During the ensuing year, an arbitration board was ap- pointed for adjusting a wage dispute between the Connecti- cut Street Railway Company and its employees. The neutral Chairman was Associate Justice, Mr. John M. Beach, of the Supreme Court of Connecticut. The pro- nouncement of the Board was as follows :! The Board adopts the proposition, contended for by the men and not disputed by the Company, that the fundamental principle which ought to govern the wage determination of arbitrators is the grant of a living wage. In the year 1922, Mr. James J. Storrow, a member of the banking house of Lee Higginson & Company of Boston, was the neutral Chairman of a similar arbitration board in Springfield, Massachusetts, which, as the basis of its award, declared for the minimum health and comfort standard. The Board said :2 Counsel for the Association has discussed standards of living and has aptly classified these, as: (1) Poverty or Bare Subsistence Level. (2) Minimum of Subsistence Level. {3} Minimum of Health and Comfort Level. (4) Level of the American Standard of Living. "1 Arbitration Award—Connecticut Street Railway Company vs. its Em. ployees, 1921. 2 Arbitration Award—Springfield Street Railway Company et al vs. its Employees—February 23. 1922: p. 13.

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