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

150 INDUSTRIAL REVOLUTION AND WAGES in an industrial community should be a wage which provides a standard of living consistent with the requirements of decency, health and reasonable comfort. This principle is easily expressed; its’ application, however, is more difficult. As late as January, 1926, the Public Service Commission of Pennsylvania formally sanctioned the living-wage prin- ciple in discussing the relation of the wages paid to fares charged by the Philadelphia Rapid Transit Company. A complaint had been made that the unusually high rate of 77 cents per hour paid by this Company to its motormen and conductors was excessive, and after a careful examina- tion of budgetary studies and wage standards, the Com- mission said :? The Company frankly avows that its policy is one of high wages and good labor rather than low wages and poor labor. It points to the notable cooperation and loyalty of its men and its total absence of strikes for nearly fifteen years. A study of the 77-cent wage from the view-point of eco- nomics and sociology shows that it produces anriual earnings but little if any higher than the minimum budget necessary to maintain an average family on the basis of living costs in Philadelphia. The foregoing evidence, and much more of like tenor, leads us to the conclusion that the wages paid by the Company are not unreasonable or excessive compensation for the labor performed. In March, 1928, the “living and savings” wage standard was formally accepted in a written agreement between organized labor and management. At that time, Mitten Management, Inc., one of the most successful operators of street railway properties in the country, and the Amal- gamated Association of Street and Electric Railway Em- "1 Order of the Public Service Commission of Commonwealth of Penna., January 12, 1926, on Application Docket No. 11,417, 1924; p. 13-14.

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