Das Erkenntnisproblem in der Philosophie und Wissenschaft der neueren Zeit

The new industrial revolution and wages

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Monograph

Identifikator:: 1801857903

URN:: urn:nbn:de:zbw-retromon-199077

Document type:: Monograph

Title:: Foreign trade zones (or free ports)

Place of publication:: Washington

Publisher:: United States Government Printing Off.

Year of publication:: 1929

Scope:: IX, 322 S; Ill., graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Part 1. General analysis

Collection:: Economics Books

152 INDUSTRIAL REVOLUTION AND WAGES came the platform, so to speak, of the “living wage” move- ment, which has been vigorously carried forward to the present day. This standard of living not only makes provision for the physical needs of wage-earners and their families, but provides also for social needs—such as some degree of recreation, some reading matter, the essentials of health preservation, decent clothing for social intercourse, and the minimum amount of life and health insurance. 2. The Savings or American Level of Living. This budgetary level marked another step in advance of the level of the health-and-comfort standard. It arose from the contention, after 1922, that a mere “living wage” was not sufficient for American workmen, and that they should be enabled to look forward to the ownership of a home, tHe reasonable education of their children, the freedom of action to develop individual ability, and a margin of sav- ings for protection against sickness, unemployment, old age and death. In its most generally accepted form, this budgetary level represented the minimum health-and-com- fort level plus the opportunity to save. It may now be said, so far as general acceptation goes, to have super- seded the health-and-comfort level as the irreducible minimum. 3. The Cultural Wage or Standard of Living. This conception of what should be the real status of the wage- earner and his family has recently been put forward by an industrial executive of national and international repu- tation! It goes beyond the satisfaction of physical and social needs to the means of meeting the cultural require- ments of the wage-earner and his family. It also lays down the dictum that men must be economically as well "1 See quotation from address of Mr. Owen D. Young, chairman of the Board of Directors of the General Electric Co., pp. 122-123,

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