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

196 INDUSTRIAL REVOLUTION AND WAGES which has distinctly characterized the post-war period. The stupendous industrial effort put forth during the World War taught the great value of cooperation, coor- dination, and mass effort. The enlightened constructive policy which was finally adopted after the breakdown in 1920-1921, and its two-year wake of depression—a pro- gram which conceded an indeterminate advance in wages, provided productivity was increased and costs reduced— has practically produced an American industrial revolution of epoch-marking significance. Its results have attracted world-wide comment and study. The leading industrial nations have sent special commissions to the United States to study the secrets of American accomplishment. Un- doubtedly the policies which were inaugurated here in 1923 will in time revolutionize industrial methods and performance throughout the world. CoMPARISON OF USE oF POWER AND RELATIVE EMPLOYEE PropucTiviTY IN GREAT BRITAIN AND THE UNITED STATES The importance of the use of power and mass produc- tion in the United States as compared with Great Britain was very forcibly brought to light in a study recently made by the National Industrial Conference Board.? The Board showed the following summary of the facts developed: . .. The amount of horse-power and the value added by manufacturing per wage-earner for each of the eight indus- tries compared in the two countries are given in the following table, data for Great Britain referring to the year 1924, those for the United States to the year 1925: UT —— ET 1 See footnote, p. 3. 2 National Industrial Conference Board, New York, Press Release for August 6, 1928.

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