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 III. The war period - an interregnum

Collection:: Economics Books

THE WAR PERIOD—AN INTERREGNUM 49 finally decided, for reasons of expediency, not to apply this principle in a general or arbitrary way, but only to sanction it in specific cases where wages were abnormally low and where the physical maintenance of labor for war production was being impaired. The specific case which had brought the principle up for consideration—the Ma- chinists of Waynesboro, Pennsylvania, vs. Employers— was one of this character. In the decision rendered, the cost of living was disregarded as a guide, and the existing rates of pay—15 to 20 cents an hour—advanced to 40 cents an hour, which was decided upon at the time as a necessary minimum hourly rate of pay for unskilled laborers. Accompanying the decision, however, a resolution was adopted, setting forth the attitude of the Board to the ‘living wage” principle. It was resolved: That this war is not only a war of arms, but also a war of workshops; a competition in the quantitative production and distribution of munitions and war supplies, a contest in indus- trial resourcefulness and energy; That the period of the war is not a normal period of indus- trial expansion from which the employer should expect unusual profits or the employees abnormal wages; that it is an interregnum in which industry is pursued only for com- mon cause and common ends; That capital should have only such reasonable returns as will assure its use for the world’s and Nation’s cause, while the physical well-being of labor and its physical and mental effectiveness in a comfort reasonable in view of the exigencies of the war should likewise be assured; That this board should be careful in its conclusions not to make orders in this interregnum, based on approved views of progress in normal times, which, under war conditions, might seriously impair the present economic structure of our country; That the declaration of our principles as to the living wage

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