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The new industrial revolution and wages

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fullscreen: The new industrial revolution and wages

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:
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Chapter

Document type:
Monograph
Structure type:
Chapter
Title:
Chapter VII. Acceptance of the theory of an adequate basic wage
Collection:
Economics Books

Contents

Table of contents

  • The new industrial revolution and wages
  • Title page
  • Contents
  • Chapter I. Introduction
  • Chapter II. Pre-war principles and methods
  • Chapter III. The war period - an interregnum
  • Chapter IV. Post-war conflict and reconstruction
  • Chapter V. The emergence of a new constructive policy
  • Chapter VI. Abandonment of the cost-of-living and supply-and-demand theories
  • Chapter VII. Acceptance of the theory of an adequate basic wage
  • Chapter VIII. Acceptance and general application of the theory of productive efficiency
  • Chapter IX. Increased consumption and prospertity accepted as an outgrowth of lower costs and higher wages
  • Chapter X. The real significance of the new industrial revolution, and the conditions of future progress
  • Chapter XI. Constructive remedies needed
  • Chapter XII. Labor and the new industrial revolution

Full text

146 INDUSTRIAL REVOLUTION AND WAGES 
final report also sanctioned the living-wage principle, as 
follows :* 
XII—The full cooperation of labor is essential to the high- 
est prosperity and usefulness of the industry. The employees 
engaged in this occupation should have a living wage and 
humane hours of labor and working conditions. 
In January, 1920, in a decision establishing wages and 
working conditions of bituminous coal-mine workers 
throughout the country, the United States Bituminous Coal 
Commission stated that it had fully accepted the living- 
wage principle as the basis of its wage changes.? 
We have decided [the Commission said], to award as a 
substitute for the 14 per cent. increase authorized by Dr. 
Garfield, a wage increase that is considerably higher. In 
arriving at the present wage award we were guided by the 
principle that every industry must support its workers accord- 
ing to the American standard of living. 
The legislature of the State of Kansas, in establishing a 
Court of Industrial Relations in 1920, gave its sanction to 
the living-wage principle, in Section 9 of the law, as 
follows :2 
Section 9. It is hereby declared necessary for the promo- 
tion of the general welfare that workers engaged in any of 
said industries, employments, utilities or common carriers 
shall receive at all times a fair wage and have healthful and 
moral surroundings while engaged in such labor. 
After its creation, the Kansas Court of Industrial Rela- 
tions gave an extended interpretation and sanction to this 
section of the law, in a decision of March 29, 1920 :* 
1 Report of the Federal Electric Railways Commission, Washington, Gov- 
ernment Printing Office, 1920, p. 4. 
2 United States Bituminous Coal Comm’n., Award and Recommendations, 
Washington, Government Printing Office, 1920, p. 36. 
8 Industrial Court Law, State of Kansas—Act Creating a Court of Indus- 
trial Relations, January, 1920, Section 9. 
4 Kansas Court of Industrial Relations, State of Kansas vs. The Topeka 
Edison Company—Opinion and Order—~—March 29, 1920.
	        

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Geschichte Der Volkswirtschaftlichen Lehrmeinungen. Verlag von Gustav Fischer, 1913.
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