The new industrial revolution and wages

Bibliographic data

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 XI. Constructive remedies needed

Collection:: Economics Books

CHAPTER XI CONSTRUCTIVE REMEDIES NFEDED The need of constructive measures, not only to prevent a catastrophe of unemployment, but to deal with it effec- tively should it occur, thus became clearly apparent. De- tached students as well as those directly connected with industry and the organized labor movement had gradually become keenly alive to the problem. Secretary Davis, in addressing the Machine Engineers’ Beneficial Association n the early part of 1928, stated: Growing lines of job-seekers created by ingenious labor- saving machinery must be considered along with the marvels of efficiency and comfort this mechanical progress has brought about. Some of our joy over the great inventive genius of our masters has been turning to grief as we witness yearly the growing lines of job-seekers, trained men, middle-aged men of experience, who have been forced from their trades and vocation by labor-saving machinery. It seems that this phase of industrial proficiency bids fair to exact too heavy a toll in the years to come, unless we get busy and invent new industries for the fellow whom the machine shunts aside. About the same time, President Green, of the American Federation of Labor, in addressing the students of the University of Michigan. said: In the survey made of this situation we are impressed by the fact that, while we could not interfere with industrial progress and scientific advancement, we will be confronted with the problem of displacement in a most acute form. 7

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