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 XI. Constructive remedies needed

Collection:: Economics Books

CONSTRUCTIVE REMEDIES NEEDED 250 difficulty of carrying out such a program. The great difficulty is in creating and maintaining an impartial and effective gov- ernment agency to exercise the necessary control to prevent intolerable abuses by huge business combinations. . . . I heartily endorse Mr. Javits’ suggestion that industry should create its own organization to deal with industrial problems instead of depending entirely or chiefly upon gov- ernment action. Certain it is, that business as a whole must be better coordinated than it has been in times past if we are to secure real prosperity, which can be attained only through a reasonable coordination and uniformity in our industrial levelopment and expansion. Only by such coordinated efforts to prevent over-expansion of investment and production in some lines to the detriment of all kinds of business enterprise can we prevent violent price upheavals accompanied by business depressions, crises and unemployment. The government should do everything possible to help smooth out the price and employment curves, but business itself must assume the principal burden in bring- ing about a better business organization, which will ensure stable prices, expanding production, full-time employment, and true prosperity for the whole country. President George M. Verity, of the American Rolling Mill Company, stated his entire sympathy for the new proposals, and the real need of working out a practical plan, but doubted somewhat whether industry had reached the point where it would realize its needs and cooperate on a national basis. He said: I have read Mr. Javits’ article with a great deal of inter- est. I agree with his main argument fully; in fact, I feel he has stated the situation definitely and clearly. That, however, leaves us just where we began and where we always land; what are we going to do about it? . . . I feel that each and all of our outstanding basic industries must first reach a point where they see the need of it and are willing “to think and act in terms of the general good.” Until

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