Die obligatorische Krankenversicherung

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Monograph

Identifikator:: 176840707X

URN:: urn:nbn:de:zbw-retromon-149526

Document type:: Monograph

Title:: Die obligatorische Krankenversicherung

Place of publication:: Genf

Publisher:: Internationales Arbeitsamt

Year of publication:: 1927

Scope:: 892 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Dritter Teil. Einnahmequellen und Finanzgebaren

Collection:: Economics Books

246 INDUSTRIAL REVOLUTION AND WAGES here and abroad, so far as tariff policies are concerned, while its inauguration might be accompanied with tem- porary dislocations and losses, would in the long run tend to stabilize more completely the new indus- trial order, with great permanent gains not only to industry itself but also to the great body of wage-earners and consumers. But any constructive policy as to industrial stability and employment, for the time being at least, must be confined solely to domestic measures. The realization of this con- dition of affairs has caused main reliance for industrial stabilization to be placed upon the development of increased purchasing power among the great body of industrial workers. By a constant advance in domestic wages and incomes, it has been sought—and is constantly declared to be practically possible—to absorb the output of our estab- lished industries and services, and to take care of the wage- earners displaced by the adoption of improved methods and machines. Industrial and financial leaders, as well as the representatives of organized labor, as has already been shown, have completely committed themselves to this policy. By way of further illustration, President Green, of the Federation of Labor, in addressing the students of the University of Michigan in 1928, cogently expressed this view as follows: The nation cannot destroy the purchasing power through the creation of an army of unemployed and expect to main- tain increased commodity production. The buying power of the people must be placed at a high level through an economic condition which provides steady employment and high wages. This is the only way through which a balance between pro- duction and consuming power can be maintained. The other extremes in leadership in industrial policy have no less strongly advocated the same policy. Mr.

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