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 XII. Labor and the new industrial revolution

Collection:: Economics Books

LABOR’S NEW STATUS 283 them by their employees, or have along with their em- ployees submitted requests for wage-increases to official or unofficial boards of arbitration. In many cases, the pre- vailing and the generally accepted wage theories have been put forward and sanctioned by arbitration boards; but there has been no general movement by industrial manage- ment or wage-earners, either separately or by mutual agree- ment, to work out these new principles and theories in a practical way as a permanent basis of procedure. Organized labor and wage-earners in general, on the other hand, have, as a rule, contented themselves with the gains which they have received from declining prices, and by wage increases which have been secured through the old, conventional methods of conference, mediation, and arbitration. Without analyzing other adverse conditions which have been present, it seems astounding and almost incredible that organized labor has made no general effort, through the formulation of a concrete plan, to take advan- tage of virtually the invitation to labor by industrial man- agement to participate in the productive gains of industry on the basis of labor’s gains in productive efficiency, as well as to seize upon the constantly reiterated statements of in- dustrial leaders that there would be no limits to rates of pay provided labor and management were successful in economic accomplishment. It would seem to those who have not followed the movement carefully that the unpre- cedented attitude of industrial management and policy toward wage theories and standards, after the starting of the new constructive program of 1923, should have stimu- lated organized labor immediately to devise and work out methods for securing the practical application of the new theories which industry had accepted. As a matter of fact, the American Federation of Labor did at once pledge its adherence to the new attitude of

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