Report on profit-sharing and labour co-partnership in the United Kingdom

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Monograph

Identifikator:: 1016336950

URN:: urn:nbn:de:zbw-retromon-27123

Document type:: Monograph

Title:: Report on profit-sharing and labour co-partnership in the United Kingdom

Place of publication:: London

Publisher:: His Majesty's Stationery Office

Year of publication:: 1912

Scope:: 1 Online-Ressource (160 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Scope of inquiry

Collection:: Economics Books

WHAT IS MEANT BY LABOUR CO-PARTNERSHIP. 9 receive, in partial remuneration of tlieir labour, and in addition to their wages, a share, fixed beforehand, in the profits realised by the undertaking to which the profit-sharing scheme relates. What is meant by “ Labour Co-partnership.” The sense in which the term “Labour Oo-partnersliip" is employed may be explained by quoting the words recently used by some distinguished advocates of the system. In a Memoran dum on “ Co-partnership and Labour Unrest,” issued in October, 1911,* it is stated that: — “ The Co-partnership of Labour with Capital is capable of many modifications according to the needs of varying industries, and in some one of them it is applicable to almost every industry where labour is employed. In its simplest form, taking the case of a man employed by a great Limited Liability Company, it involves: — 1. That the worker should receive, in addition to the standard wages of the trade, some share in the final profit of the business, or the economy of production. 2. That the worker should accumulate his share of profit, or part thereof, in the capital of the business employing him, thus gaining the ordinary rights and responsi bilities of a shareholder.” Profit-sharing and Labour Co-partnership exist in two fairly distinct forms, these methods being applied, on the one hand, in Co-operative Societies (associations mainly or entirely composed of and managed by workmen, or in the case of Agricultural Societies, by small farmers), and, on the other hand, in ordinary non-co-operative businesses. It will be convenient to treat of these two different kinds of industrial organisations in separate parts of this Report. Profit-sharing in private firms and com panies is dealt with first, as this is probably the aspect which has received most general attention. c This Memorandum was signed by Lord Courtney of Penwith, the Right Hon. Thomas Burt, M.P., the Right Hon. C. Fenwick, M.P., the late J. M. Ludlow, C.B., Sir W. H. Lever, Bart., Sir B. C. Browne, Dr. Alfred Marshall,-and Messrs. W. IT. Hadow, T. C. Taylor, M.P., George Thomson, Corbet Woodall, Chas. Carpenter, and E. O. Greening ; also, on behalf of the Executive of the Labour Co-partnership Association, by Mr. Amos Mann, its President, Mr. Aneurin Williams, then Hon. Treasurer, and Mr. Henry Vivian, then Hon. Secretary of the Association.

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