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

108 INDUSTRIAL REVOLUTION AND WAGES to have his due share of the comforts, joys and recreations of life. JOSEPH HUSSLEIN, S. J.I Every toiler has the right to a living wage, a right which takes precedence over every other consideration, excepting only the right which the employer himself has to a remunera- tion which will enable him and his family to live in reason- able and moderate comfort according to their position in life: It is important moreover for both employer and employee that the continuance and welfare of the industry itself be wisely consulted. Beyond this there can be no question of any profits until the living wage has been paid to the em- nloyees. . . . What then is a living wage? In general it is defined by Pope Leo XIII as a remuneration “sufficient to support the wage-earner in reasonable and frugal comfort.” For the adult male worker, according to the spirit of the Encyclical, it is a wage “sufficient to enable him to maintain himself, his wife and his children in reasonable comfort.” For the adult woman worker it is a wage whereby she can reasonably and decently support herself away from home. CHARLES EDWARD RUSSELL, ECONOMIST AND AUTHOR? In determining what is an equitable wage, there should be taken into consideration the profits of the industry concerned, the requirements (scientifically ascertained) for normal and wholesome life, with a reasonable margin to be added for comfort, culture and recreation. ROBERT. G. VALENTINE, FORMER COMMISSIONER OF INDIAN AFFAIRS? How, then, to settle the amount due the president, the office boy, and the truck hand? Clearly the first duty will be to 1 “The World Problem,” P. J. Kenedy and Sons, 1918, p. 91. . 2 Resolution by Mr. Charles Edward Russell, President’s First National Industrial Conference, October 14, 1919, p. 288. 8 “Work and Pay: A Suggestion for Representative Government in Indus. try,” reprinted from the Quarterly Journal of Economics, Vol. XXXI, Feb- ruary, 1917, p. 253.

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