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 X. The real significance of the new industrial revolution, and the conditions of future progress

Collection:: Economics Books

CHAPTER X THE REAL SIGNIFICANCE OF THE NEW INDUS- TRIAL REVOLUTION, AND THE CON- DITIONS OF FUTURE PROGRESS It is not possible to weigh soundly the new theories and principles of wage determination, the evolution of which since the war has now been outlined, without understand- ing the deeper industrial movements which have been at work during this period. When these have been brought to the surface and examined, some definite appraisement may be made of the present situation and of the underly- ing tendencies for the future. The changes which have occurred have been so sudden, in point of time, and are so radically different from past industrial methods and policies of procedure, that we seem to be in the beginnings of a revolution of epoch-marking significance, the ultimate aspects of which it seems exceed- ingly difficult at first blush to estimate at this early stage of its development. When we have divested ourselves, how- ever, of old standards of measurements, and have discarded pre-war assumptions and conceptions, our present indus- trial situation and the points to which we are advancing become more clearly apparent. CAUSES OF INCREASED INDUSTRIAL EFFICIENCY The astounding gains in the productive efficiency of American industry since the war have already been set forth. The radical change in the constructive thought of business and industry, after the crisis oft 1920-1921, has 1 See Chapter VIII, pp. 191-197.

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