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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XI. Constructive remedies needed

Collection:: Economics Books

CONSTRUCTIVE REMEDIES NEEDED 267 legislation in Congress in the so-called Watson Bill, which has for its object the stabilization of the bituminous coal- mining industry. Coal-mining companies and corporations are released from the provisions of the anti-trust laws, but a Commission is created, and all corporations and consoli- dations must submit to the jurisdiction of the Commission as a condition to beginning operations. The Commission is authorized not only to pass upon the reasonableness of orices and profits, but also upon the financial structure of corporate consolidations and the question of whether new mining operations shall be permitted. The recognition of the generally-accepted standards and safeguards to labor are also made a condition of conducting operations under jurisdiction of the Commission. This constructive measure for the coal industry affords a model for establishing similar regulatory commissions in each basic industry with the object of facilitating con- solidation and thus realizing maximum economies and efficiency, but at the same time maintaining reasonable prices and profits, and protecting the industry against unsound expansion and overproduction. In addition to regulating production and distribution, it is also of funda- mental importance that such industrial commissions should be authorized to pass upon all new security issues in the various industries, and upon financial plans for consolida- tions and reorganizations. Such authority would prevent investment bankers, financiers, and others from exacting excessive underwriting fees and commissions, and from capitalizing productive gains which should properly be distributed in the form of lower prices or higher wages. [t would also free industry from the control of such bank- ers and financiers as may be more interested in dividend returns and in conventional methods of corporation finance than in real productive achievements. The Interstate Com-

Access restriction

Copyright

fullscreen: The new industrial revolution and wages

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation