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

Structure type:: Chapter

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

Collection:: Economics Books

ACCEPTANCE OF NEW THEORY 103 assumed, of course, that the wage-earner will contribute his full measure of productivity. For the skilled or especially efficient worker there should be, of course, a differential equitably adjusted in accordance with the degree of skill, period of training, productivity, efficiency, etc. Skill and efficiency should be encouraged in every way and compensated fully and justly. They are per- haps the most valuable industrial assets any nation can have. The principle of the living wage as a basis of wage adjust- ments recognizes the obligation of industry vested with a public or quasi-public interest to pay employees a sufficient wage which will permit them to maintain their families and prepare them for the duties and responsibilities of American citizenship. A bare subsistence wage is not enough, and would mean the stagnation of our civilization. An industry which cannot meet its obligation in this respect must be so organized that it will be able to do so. [n his bill submitted to the Senate in 1922 for the regu- lation of the bituminous coal industry, Judge Kenyon defined the living wage as follows: 7. The right of every unskilled or common laborer to earn a living wage sufficient to maintain a normal family in health and reasonable comfort, and to afford an opportunity for savings against unemployment, old age, and other contingen- cies is hereby declared and affirmed. Above this basic wage for unskilled workers, differentials in rates of pay for other mine workers shall be established for skill, experience, haz- ards of employment and productive efficiency.l WILLIAM ALLEN WHITE, EDITOR AND PUBLICIST? [t is easy for the statistician of the railroad owners to prove that there is no such thing as a living wage; to show 1 “The Industrial Code,” W. Jett Lauck and Claude S. Watts. Funk & Wagnalls Company, 1922, p. 567. 2“As I See It,” William Allen White; Washington (D. C.) Evening Star, September 10, 1922.

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