Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Elasticity of supply as a determinant of distribution / Paul H. Douglas

Collection:: Economics Books

100 ECONOMIC ESSAYS IN HONOR OF JOHN BATES CLARK strike benefits may give out, the fear that the employers’ resources may be stronger, the fear that either non-union work- men may be brought in from outside or that the work may be sent out to non-union shops, the fear that in the event that the strike should prove unsuccessful the strikers may be black- listed from employment or discriminated against as regards pro- motion. But these fears are less than they otherwise would be, and at the same price less labor is offered than would otherwise be the case. The greater is the number who are thus organized, the more the supply curve will approach something of a plateau when the level of the union rate for which the unionists are striv- ing is reached. The nature of the change effected by trade-union organization may be illus- trated in Figure 15. Curve Aj is assumed to represent the supply schedule of labor before and Curve Bs after a sturdy organi- zation has been built up. The laborers from A to B are common to both situations, namely those who would work for little and who do not wish to join the union lest it im- pair their ability to secure work. Their bids, there- fore, are still low in the hope that they will be employed. The group from B to Bj represent those who do not join the union but who will ask for more than they otherwise would, because they know that the large group in the union will demand a still higher wage. The group from B; to B, are the union members who are sticking out for the wage of height B;. This may well be somewhat less than the minimum which they are ostensibly demanding of the employers. The units of labor offered from B; to Bs; may be regarded as the number of overtime hours which would be fur- nished by the workers at given prices. It will be noticed that it will take a larger price than formerly to induce an equal quantity to offer itself. This is because the basic wage is itself Be

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