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

268 INDUSTRIAL REVOLUTION AND WAGES merce Commission was in 1920 given this regulatory power over railroad finance, and the constructive benefits of this grant to the railroads and to the public during the past eight years can scarcely be overestimated. ADVISORY “INSTITUTE” AND BOARD OF COORDINATION The broad policies of inter-industry cooperation and coordination should be worked out by industry itself. There is no doubt that this can be done. A purely gov- ernmental board of coordination with administrative pow- ers would be idealistically desirable but at the present time unsound and impracticable.r It is undoubtedly true, how- ever, that the voluntary cooperative action of industry would be greatly facilitated by the creation of a formal board of coordination, under governmental sanction, with recommendatory powers to industry and to the Congress, but without any direct supervisory or regulatory authority. The personnel of such a board should be selected by and should be representative of the basic industries, but its members should be appointed by the President and all salaries and expenses paid by the Government. Its func- tions should consist in collecting, publishing, and dissemi- nating industrial data, and in studying and recommending constructive policies to industry. In conjunction with the board itself there should be created an advisory council or conference of wide industrial representation, to which the board could make recommendations of required legis- lation for approval and submission to the Congress. Creating such a board of coordination by the voluntary action of industry, and clothing it with an official char- acter as representative of industry by governmental sanc- tion, would enable industry at once to establish an agency c 1 0, the Road to Plenty,” by Foster and Catchings; Houghton Mifilin 0., 1928.

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