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

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Title:: Chapter VIII. Acceptance and general application of the theory of productive efficiency

Collection:: Economics Books

THEORY OF PRODUCTIVE EFFICIENCY 185 of the mine workers to the United States Bituminous and Anthracite Coal Commissions. In numerous other cases, in both basic and secondary industries, labor has also used the productive efficiency argument as the justification for higher rates of compensation. In addition to specific dec- larations, official recognition has recently been given to this theory of wage determination by the American Federation of Labor by publishing each month in The Federationist a series of statistical tables showing the extent of labor’s par- ticipation in the output of the basic industries. SrecIiFIc PRECEDENTS ESTABLISHED The results secured from the advocacy of this theory before arbitration boards and other agencies by organized labor have primarily arisen in a general way by reference to the principle involved and not through any specific or formal acceptance of the theory. Since 1923, obviously, the great gains have come from the general adoption of the fundamental theory by the industrial world in consider- ing the relation between high wages, labor costs and pur- chasing power of consumers. AMALGAMATED CLOTHING WORKERS PIONEERS IN DEevELOPING PRODUCTIVE EFFICIENCY The Amalgamated Clothing Workers of America, so far as the’ organized labor movement is concerned, has been the pioneer in cooperating with management for in- creased efficiency and productivity. Through mutual agreement between the union and management, actual pro- ductive standards as related to rates of pay have been established in many clothing factories. In recent years, the organization has been assuming a constantly larger share of the functions of management, and the savings that have been effected bv this procedure have accrued to the benefit

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