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 137 In addition to this need for families of three chil- dren, the fundamental question, it was also pointed out, was not really a statistical one. Statistical aver- ages included young married couples with as yet few or no children and also married couples with all their children grown and fully self-supporting. The ques- tion, however, concerned rather the average size of the average family at a particular, but very important, point in their career. It also embraced the opportu- nity for a single man to be able to be married and to pass successfully over this acutely stressful period of family development. As to the ability of industry to pay a living wage, it was shown further by careful analysis, based on the Reports of the Census Bureau and the National Bureau of Economic Research, that the output of in- dustry was sufficient to pay all unskilled workers a living wage, and also corresponding increases in dif- ferentials to those above the grade of unskilled labor- ars. [n this connection, it was emphasized further that the living wage was concerned solely with adult male heads of families, and that it did not directly apply to women or children gainfully employed ; to proprietors and others engaged in business of their own; to pro- fessional people, to those engaged in anti-social work, or to chronic idlers or incapables. With these funda- mental reservations in mind, it was then shown that, according to the United States Census of 1920, there were 41,609,192 persons, 10 years of age and over, engaged in various gainful occupations, but after sliminating the classes described in general above to which the living wage would not apply—women, pro- prietors, officials and managers, children and appren-

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