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 VIII. Acceptance and general application of the theory of productive efficiency

Collection:: Economics Books

THEORY OF PRODUCTIVE EFFICIENCY 175 injustice to our members. This is our protective function. If, however, we want to lay claim to the argument, as the theory of industrial democracy stipulates, that industry can afford better wages and working conditions when its workers share in the managment of it, then we must be prepared to assume definite responsibility for better industrial performance. We must do this by means of our union organizations working in cooperation with management. Thus do we play a con- structive, as well as a protective part in industrial govern- ment. Principle (3), agreement between unions and management to cooperate for public service, is the economic justification for enlarging the jurisdiction of our unions in industry. If as a result of cooperation railroads are not going to run bet- ter than they were before, then the workers’ argument for more democracy in industry comes to naught. Principle (4), sharing the gains of cooperation, is the eco- nomic justification for our part in the cooperative program. Even should industry be run better from the public or man- agement’s point of view as a result of cooperation, the workers’ interest in cooperation would not long endure, if ‘hey themselves did not get tangible benefits out of it. These benefits must take the form, first, of steadier and more em- ployment ; second, better employment; third, greater yearly income, and fourth, better wage rates. WILLIAM GREEN, PRESIDENT, AMERICAN FEDERATION OF LABOR!: Labor is interested in the successful management of indus- try, because it reasons that, with the introduction of economy processes in the development of efficiency and increased. pro- duction, the cost of manufacturing and production can be re- duced without lowering the standard of the workers or reduc- ing wages. Labor firmly believes that if the cost of produc- tion of commodities must be lowered it should be accom- plished through the promotion of efficiency in workmanship and management. the elimination of waste and the introduc- "1 American Federation of Labor Pamphlet, “Unions Reduce Industrial Waste.” by William Green.

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