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 239 INCREASES IN NUMBERS EMPLOYED, JULY 1, 1923, to JULY 1, 1927 Building (exclusive of roads, subways, etc.) ......... Automobile, truck and bus operation and maintenance. . Road and subway construction...... Trade (chain stores and miscellaneous) ........... . Public service, including school teachers (assumed to increase at same rate as population) ................ Operation and maintenance of apartments, hotels and restaurants .... Telephone operation .. or Ss Operation and maintenance of office buildings. Electric light and power. . Sports, moving picture production and exhibition. et... Dil production Total . 1,000,000 500,000 710,000 “7'000 100.000 100,000 50,000 50,000 30,000 50,000 50,000 2.150 000 As a result of these and similar calculations, it was con- cluded that there had been no real unemployment problem ap to the last half of 1927. What had occurred from 1923 to 1927 were shifts from some industries which, because of improved machinery and processes, required fewer workers to turn out an even larger product, to other industries or classes of services which had been developed or had undergone an unusually large expansion during these years. This absorption of displaced workers was also assisted by the decline in the number gainfully em- ployed as compared with the total population. The tend- encies in this direction which had been observable since 1910, such as less employment and longer school training for children and a decline in the number of wage-earning wives and mothers, was further stimulated by the better standards of living or, in other words, by the advance in earnings of husbands and fathers after the 1921 depression. Beginning with the second half of 1927 and continuing through the first quarter of 1928, there was an entire change in conditions. Decreased manufacturing activity and a general decline in industrial output produced, as has

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