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

Collection:: Economics Books

THEORY OF PRODUCTIVE EFFICIENCY 189 union-management agreements on these properties may be discussed and be made the basis of further agreement. . . . In addition to the usual results of collective consideration, it is the further object of this arrangement to secure for all interested parties the advantages of collective effort and accomplishment. To the owners this will mean a fair return on their property; to the public an adequate and efficient sys- tem of transportation; and to employees, in addition to wages sufficient for the necessities of life, comfort and savings, an opportunity to participate in increased earnings made possible by their increased effort and productive efficiencies. Mitten Management and Amalgamated Association are agreed that the same 50-50 participation shall be effective between “management and union” as now exists between ‘management and men,” and the sense of this agreement is that both shall supply the same degree of cooperation and both similarly shall participate in the results secured there- from. The considerations leading to the agreement and the important objects had in mind by both parties are clearly set forth by W. D. Mahon, President of the Amalgamated Association of Street and Electric Railway Employees, in an article which appeared in The American Federationist for June, 1928, some of the most important passages of which are quoted below :2 The Mitten Company has properties now organized with their employees on a cooperative basis. The Amalgamated Association has many unions throughout the United States and Canada that have their working contracts with the vari- ous street railway companies. We therefore appreciated tach other’s position and decided to move with caution and care, not disturbing at the present time either of our present organizations. We are planning for the future. The Mitten Management is acquiring and taking over street railway "1 Article entitled “An Agreement for Cooperation,” by W. D. Mahon. in American Federationist, June. 1928; pp. 665-666.

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