The new industrial revolution and wages

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Monograph

Identifikator:: 1804651486

URN:: urn:nbn:de:zbw-retromon-193069

Document type:: Monograph

Author:: Lauck, William Jett http://d-nb.info/gnd/173237126

Title:: The new industrial revolution and wages

Place of publication:: New York

Publisher:: Funk & Wagnalls

Year of publication:: 1929

Scope:: ix, 308 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

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Title:: Chapter VII. Acceptance of the theory of an adequate basic wage

Collection:: Economics Books

ACCEPTANCE OF NEW THEORY 97 The High Contracting Parties, recognising that the well- being, physical, moral, and intellectual, of industrial wage- earners is of supreme international importance, have framed, in order to further this great end, the permanent machinery provided for in Section 1, and associated with that of the League of Nations. . . . Among these methods and principles, the following seem ‘0 the High Contracting Parties to be of special and urgent importance: . . . Third. The payment to the employed of a wage adequate to maintain a reasonable standard of life as this is under- stood in their time and country. LETTER OF PRESIDENT WILSON TO RAILROAD WORKERS, 1920 In a letter of February 13, 1920, to the Representatives of the Railroad Labor Organizations in the matter of referring the then pending wage demands of the latter to the newly-created Railroad Labor Board, President Wilson promised that the “living wage” principle, among other factors, would be considered in adjusting rates of pay. He said: 3. I shall at once constitute a committee of experts to take the data already available in the various records of the United States Railroad Administration, including the rec- ords of the Lane Commission and of the Board of Rail- road Wages and Working Conditions, and to analyze the same so as to develop in the shortest possible time the facts bearing upon a just and reasonable basis of wages for the various classes of railroad employees with due regard to all factors reasonably bearing upon the problem and specifically to the factors of the average of wages paid for similar or analogous labor for other industries in this country, the cost of living and a fair living wage, so as to get the problems in shape for the earliest possible final disposition.

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