Die Entwickelung der Fabrikindustrie im lateinischen Amerika

The new industrial revolution and wages

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Monograph

Identifikator:: 1728770173

URN:: urn:nbn:de:zbw-retromon-105075

Document type:: Monograph

Author:: Gemmingen, Max http://d-nb.info/gnd/101562608

Title:: Die Entwickelung der Fabrikindustrie im lateinischen Amerika

Place of publication:: Halle a. S.

Publisher:: Gebauer-Schwetschke

Year of publication:: 1910

Scope:: 197 Seiten

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Anlage. Darstellung einzelner Länder

Collection:: Economics Books

82 INDUSTRIAL REVOLUTION AND WAGES fabricated products, in 1920, exceeded that of 1900 by 95 per cent. The significance of that in human application is this: that if you deduct from that ever-increasing flow of factory product, those things which are of current consumption— food and clothing—and estimate the residue, as has been done by careful calculation, at 25 per cent., annually, of addi- tion to permanent household capital—the things we use for the further creation of wealth and earning power—it is a fair assumption that the average home in America in 1920 possesses three times the things that the home in 1900 had. ... We have a theory, which we have sustained and demonstrated and proved by every analysis which can be applied, that production itself, by its economy and the security of its earning power which it itself creates, has vastly enlarged the area of common possession and thus greatly raised the general standard of common living. The wheat crop of to-day requires by careful estimate the expenditure of seven million days’ labor, but that wheat crop produced under the conditions before the harvester and reaper were invented, and the appliances which followed ‘hem, would require 130 million days’ labor. We have saved 123 million days’ labor in the production of one of our five cereal crops by the American genius for invention and the substitution of mechanical appliances for manual labor. Were those workers released to unemploy- ment and idleness? You know they were not. You know that only by this process can we find the workers to aid old industries in their expansion and to create the new ones which science and invention are constantly placing before us. There is always an increased demand for labor by the very economies of displacement. The transportation industry of this country has developed its efficiency along with other industry. When you remember that in 1875 the railroad car of this country was 65 per cent. dead weight and 35 per cent. earnings, and that last year a special type of car for coal and ore was developed

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