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The new industrial revolution and wages

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fullscreen: The new industrial revolution and wages

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:
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Chapter

Document type:
Monograph
Structure type:
Chapter
Title:
Chapter XII. Labor and the new industrial revolution
Collection:
Economics Books

Contents

Table of contents

  • The new industrial revolution and wages
  • Title page
  • Contents
  • Chapter I. Introduction
  • Chapter II. Pre-war principles and methods
  • Chapter III. The war period - an interregnum
  • Chapter IV. Post-war conflict and reconstruction
  • Chapter V. The emergence of a new constructive policy
  • Chapter VI. Abandonment of the cost-of-living and supply-and-demand theories
  • Chapter VII. Acceptance of the theory of an adequate basic wage
  • Chapter VIII. Acceptance and general application of the theory of productive efficiency
  • Chapter IX. Increased consumption and prospertity accepted as an outgrowth of lower costs and higher wages
  • Chapter X. The real significance of the new industrial revolution, and the conditions of future progress
  • Chapter XI. Constructive remedies needed
  • Chapter XII. Labor and the new industrial revolution

Full text

278 INDUSTRIAL REVOLUTION AND WAGES 
In his new book on “Social Control,” Doctor John 
O'Grady, Professor of Sociology at the Catholic Uni- 
versity of America, says:! 
Excluding the incapable and the handicapped, we find in 
every city in the United States large numbers of wage- 
earners whose earnings are not sufficient to maintain them- 
selves and their families in health and decency. The situa- 
tion is further complicated by the industrial hazards which 
are ever staring the wage-earner in the face and which 
threaten to cut off his income. At any time the worker is 
liable to be incapacitated by illness, and from the very first 
day of his illness his income is usually cut off. If he is 
engaged in a seasonal occupation, he will be out of work for 
certain periods every year. A slackening in the demand for 
a particular product or a general industrial depression is 
liable to leave large numbers without positions. 
If we are permanently to improve the condition of the 
poor and to prevent large numbers of wage-earners from 
passing over into the ranks of the poor, we must strive 
earnestly for better wage standards and the protection of 
wage-earners against industrial hazards. 
A compilation of the average annual earnings of rail- 
way employees for the year 1926 showed the following 
striking distribution of earnings: 
Annual Earnings 
$2,200 and under $3,500 
1,600 and under 2,200... ... 
1,300 and under 1,600 
1,000 and under 1,300 
Less than $1,000.... 
yy + 4 1 a 
a 
Per Cent of 
Employees 
14.9 
30.0 
20.8 
99 
23.2 
Less than one-sixth of all the railway employees, it will 
be seen at once, were earning enough to maintain accepted 
standards of living for themselves and their families, while 
about one-third were earning less than $1,300 per annum. 
1 Advance statement, National Catholic Welfare Council, Department of 
Sacial Action, Washington, August 21, 1928.
	        

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The New Industrial Revolution and Wages. Funk & Wagnalls, 1929.
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