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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

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

Collection:: Economics Books

104 INDUSTRIAL REVOLUTION AND WAGES that what would be a living wage for one man or family would be poverty or luxury for another. But the fact remains that wages must be set in reference to the cost of living. Tabor otherwise becomes a commodity, and unless certain standards of living are predicated in any wage dispute, we shall get our labor down to a point where certain standards of citizenship also are forgotten. In spite of all we may say, economic status does affect intelligence and morals. And if we are to force labor down in a comparative market to a standard lower than the American average, we shall also force our nation’s ideals down to a low standard. It is begging the question to declare that a man with five children should have a “living wage” lower than a man with ten children. It is cheap to point out the fact that a man whose family is practically self-supporting must have a dif- ferent living wage from the man with a houseful of little ones. For all that is beside the point. When an average man’s family income is ascertained he should have enough every Saturday night to live decently in self-respect and educate his children. If he has no children, that is his loss, and if he has more than the average number of children, that is his gain. And the average man’s wage should not be changed because of the exceptional man’s advantage or disadvantage. . . . When a living wage is established for the unskilled, then let every man’s skill and intelligence have free play and let him sell these in the best market and for his own advance- ment. That is the philosophy of the living wage. EONARD WOOD, MAJOR-GENERAL, U. S. A, GOVERNOR-GEN- ERAL OF CUBA AND OF THE PHILIPPINE ISLANDS! He should receive a wage that not only permits him to keep body and soul together, but enables him to lay by some- thing for the future. 1 «Teonard Wood on National Issues,” compiled by E. J. David, Double- day, Page & Co., 1920, p. 21.

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