The new industrial revolution and wages

Bibliographic data

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

ACCEPTANCE OF NEW THEORY 159 are not increased and profits are not reduced, there has been no practical method worked out for an equitable dis- tribution of increased labor productivity between the dif- ferent groups of workmen. In raising wages, the old sys- tem of bargaining has been followed. With the develop- ment of more equitable methods of adjustment and the actual relation of the wages of the unskilled workers to their contribution to output, this group of wage-earners will undoubtedly be raised to a living or savings-standard of compensation and living. The remarkable growth in the National Income from 61 billions in 1922 to 90 billions in 1927, as shown by estimates from private and public authoritative sources, in the face of lower prices and unprecedented wage advances, will also effectively elimi- nate any further contention as to the practicability of paying at least a “living wage” to unskilled workers. "1 Estimates by the National Bureau of Economic Research, and the United States Treasury Department, 1928.

Access restriction

Copyright

fullscreen: The new industrial revolution and wages

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation