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 II. Pre-war principles and methods

Collection:: Economics Books

PRE-WAR PRINCIPLES AND METHODS 11 ways and their engine and train crews under the provisions of the Newlands Law.? This factor, however, as a basis for the determination of wages, as can be seen at once, had no fundamental or constructive significance. It was a defensive factor and not a constructive or underlying principle of action. It assumed that pre-existing wage-standards were satisfac- tory, and its acceptance and application merely implied that the real wages which had previously been received should be continued. It carried with it no analysis as to the adequateness or acceptability of previous standards of compensation. Under its workings there could be no actual advance in economic well-being. Its acceptance and application as a method of wage-adjustment could only mean that there would be—as compared with past periods —no loss to wage-earners in purchasing power or in real income. STANDARDIZATION OF OCCUPATIONS AND RATES OF PAy Another prominent factor which also gradually devel- oped in pre-war wage-determinations was that of stand- ardization. The effort was constantly made by wage- earners to secure standardized rates in certain occupa- tional groups irrespective of local conditions. This ten- dency was especially noticeable in organized trades, as in the metal and building crafts, and in certain highly organ- ized industries, as bituminous coal mining and steam ‘ransportation. In the case of the coal-mining industry, basic rates of nay were established by negotiation and agreement in what 1 J. Noble Stockett, “Arbitral Determination of Railway Wages” (Hough- on Mifflin Company, Boston, 1918), Chapter III—The Increased Cost of Living. Proceedings of Railway Wage Arbitrations Held under the Auspices »f the United States Board of Mediation and Conciliation, 1910-1915. Herbert Feis, “Principles of Wage Settlement,” Chapter IV (H. W. Wilson Company, New York, 1924).

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