Holländische Wirtschaftsgeschichte

The new industrial revolution and wages

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Monograph

Identifikator:: 1744885710

URN:: urn:nbn:de:zbw-retromon-117895

Document type:: Monograph

Author:: Baasch, Ernst http://d-nb.info/gnd/117692018

Title:: Holländische Wirtschaftsgeschichte

Place of publication:: Jena

Publisher:: Fischer

Year of publication:: 1927

Scope:: VI, 632 S.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: I. Kapitel. Aufstieg und Niedergang der holländischen Wirtschaft zur Zeit der Republik

Collection:: Economics Books

198 INDUSTRIAL REVOLUTION AND WAGES ity per worker accounts largely for the higher wage levels and living standards prevailing in the United States. . . . THE PRESENT SITUATION AS TO WAGE FIXATION Several noteworthy conclusions are apparent at the pres- ent time in the United States so far as the theory of pro- ductive efficiency as the basis of wage determination is con- cerned. Some of these are confined to the present situa- tion and others are pregnant with significance as to the future. In the first place, industry has irrevocably committed itself in a practical and concrete way to the attitude and policy that wages may increase indefinitely so long as labor costs are not increased or profits reduced. Constant wage advances in recent years have been made on the basis of this theory. This has been done in the way of general policy without specific reference to the performance of definite groups or occupations and without relating the increases granted to any principle or method of determining what the real share of labor in productive gains should be. This technical and difficult problem, both from the standpoint of industrial management and from that of social states- manship, remains for future determination. From the standpoint of organized labor, in the second place, altho the productive efficiency theory was originally put forward by its representatives, the real advance has come, as has already been stated, as the result of the change in the general attitude of industrial leadership, which has coupled up the increased productive efficiency theory with that of higher wages as the basis of increased purchasing power and prosperity. Labor has quickly taken advantage of this situation. It has not.as yet, however, gone into details, Obviously, it must in time raise the spe- cific issue of an adequate wage for those in the lowest

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