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

100 INDUSTRIAL REVOLUTION AND WAGES Above that point, there may well be a fair field for the play of competition in determining the compensation for special ability, for special strength or special risk (where risk is unavoidable), but below that point the matter becomes one of which the state, for the sake of its own preservation, must take account. PHILADELPHIA BUREAU OF MUNICIPAL RESEARCH This bureau touched upon the subject in these words :! Nowadays very few persons object to the principle of a living wage. It is generally agreed that the humblest worker is entitled to a return for his services that will enable him to support himself and his family in decency and comfort and give his children a fair start in the world. If we have failed thus far to secure a living wage for all workers, it has been due largely to differences of opinion as to the methods to be employed and to a lack of understanding of what constitutes a living wage rather than to disapproval of its principle. Tue DECLARATIONS OF ECONOMISTS, STATESMEN AND PUBLICISTS The following declarations on the living-wage principle have been made by the men whose names stand above them * JACOB H, HOLLANDER, PROFESSOR OF POLITICAL ECONOMY, TOHNS HOPKINS UNIVERSITY . . . A sufficient wage can best be assured the laborer by state intervention defining minimum wage conditions. This is the assertion of no new principle. From the beginning of modern factory legislation, the state has time and again inter- vened to establish a competitive base-line in industrial enter- 1 “Workingmen’s Standard of Living in Philadelphia,” by William C. poyen, Suslah, Db, Davis, and Myra Thwing; Macmillan Company, New

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