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 XII. Labor and the new industrial revolution

Collection:: Economics Books

LABORS NEW STATUS 281 Despite the fact that here in the United States the wage- earning class as a whole is better off than any other laboring population has ever been anywhere in the world, our indus- trial system contains certain grave defects and presents certain very menacing features. First, as regards wages. No competent authority denies that an annual income of fifteen hundred dollars a year is necessary for the decent support of a husband and wife and three children in any city of America, or that considerably more than that amount is required in our largest cities. Nor does any well informed person deny that a very large proportion, probably a majority, of our male wage-earners receive less than fifteen hundred dollars a year. Some persons who are aware of these facts belittle their .mportance with the comforting assumption that these under- paid wage-earners are somehow made of different clay and therefore can readily get along with less than the normal requisites of life. Other complacent persons reflect that a majority of these underpaid males are probably unmarried and probably do not need a family wage. All such persons need, first of all, to examine the pertinent facts, They ought to inquire whether it is really true that the underpaid workers and their families differ so greatly from their fellows that they can live decent human lives on less than decent wages. Such an inquiry honestly made would produce a disquiet of conscience in any person capable of that feeling. A similar reaction would be experienced by any well-disposed person who considers fully the implications of a situation through which a very large number of adult males are compelled through lack of income to forego mar- riage and family life indefinitely. Previously, in November, 1927, Professor Irving Fisher of Yale University had effectively shown that the “poorest” group in the country, or about 65 per cent. of the popula- tion of the United States, had not participated equitably in our unprecedented prosperity, and that their incomes

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