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 289 If the time and energy which are now devoted by labor to securing the acceptance of this elementary principle—and by management to opposing it—were turned toward pro- ductive achievement, the results would be incalculable. The spirit of industry would be revolutionized. Suspicion, distrust, and resistance would be supplanted by confidence and the desire and will to cooperate for the realization of maximum efficiency and productivity. No greater constructive step could be taken by modern industrial management than to accept unreservedly the right of labor to organize and bargain collectively on a union basis, and to develop its constructive policies from a foundation of management-union cooperation, both sides dedicating themselves to the principle of economic accom- plishment. This fact has already been clearly proved by the best and most successful industrial leadership of the present day. There can be no doubt that, if to the sound and far-sighted principles of wage determination which industrial management has already subscribed, and which it has widely advocated and partially applied, it would add the principle of union recognition as the basis of coopera- tion between management and workers, a more complete and enduring groundwork would be thus laid for the realization of those two vitally necessary factors for suc- cessful industrial achievement, namely, stabilization and productive efficiency. As illustrative of a series of principles with the object of guiding industrial relations so as to promote indus- trial peace and cooperation and stimulate maximum pro- duction, a code suggested in connection with pending legis- lation for stabilizing the bituminous mining industry may be cited. The fundamental principles and safeguards to both employers and employees in this code, it will be noted,

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