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

THE NEW INDUSTRIAL REVOLUTION 227 to progress have also been made by those changes in produc- tive operations introduced by so-called scientific management —the installation of more efficient processes, routing of ma- terials and products, elimination of waste, avoidance or les- sening of fatigue on the part of the workers, and other de- vices and methods too detailed and too numerous to mention. [n all of these developments American industry has excelled. Another set of factors, not without importance, in bring- ing about increased productivity of American industry re- lates to the wider general education of the population, to advances in scientific research, and to the broader dissemina- tion of information. . .. The organization of research by aniversities, by privately endowed institutioas, and by private enterprise has contributed much toward industrial progress. Within the post-war period the increased collection and use of business statistics and the more thorough analysis of ousiness trends have furthered the advance of industry to- ward a more intelligent control of forces determining its progress. . . . Many of these elements in our industrial progress, however, are not forces which have only recently become effective. We have had natural resources, internal free trade, and a fairly wide domestic market during most of our industrial history; we had them, certainly, in the period from 1909 to 1921, when productivity per person in manufacturing failed to gain. The phenomenal increase in manufacturing efficiency has appar- ently come since 1921. It is worth while to consider the forces that have caused this recent sudden spurt. . . . Then the war considerably disturbed industrial technique and delayed progress for a period, but at the same time new technological processes and methods were learned as a result of war experiences, and what is perhaps of equal value, the importance of cooperation and of having adequate and accu- rate knowledge of developments was impressed upon the busi- ness community. The leaders of industry were also the leaders of that vast cooperative organization by which the war was carried on. and in that experience they learned that

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