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 IV. Post-war conflict and reconstruction

Collection:: Economics Books

CONFLICT AND RECONSTRUCTION 65 being exploited by an anthracite coal monopoly, which absorbed an undue proportion of output, and concluded by demanding for the employees a greater share in the net returns of the industry as a reward for increased work and productivity.? The representatives of the operators, on the other hand, took a strictly defensive position. They contended that wages were adequate and compared favorably with rates paid by industries in the same territory for similar work. The award of the neutral chairman of the Commission, Dr. W. O. Thompson, President of Ohio State University, ignored, however, all the facts and arguments placed before it with the exception of the increased cost of living. Consideration of the exhibits and claims bearing on “monopoly” and “productive efficiency” were denied on the ground that such matters were beyond the jurisdiction of the Commission. No pronouncement was made as to the “living wage.” A straight increase of 17 per cent. in rates of pay was awarded. The net result was that the decision represented no constructive advance in the judicial determination of wages. As a matter of fact, it was a reversion to certain pre-war types of arbitration awards, which entirely disregarded the evidence presented, and based their findings upon compromises between members hf the board 2 FepERAL ELECTRIC RAILWAY COMMISSION Sanctions Living WAGE Prior to the bituminous and anthracite wage arbitrations, President Wilson had also appointed a commission. known 1 Proceedings Before the Anthracite Coal Mining Commission, Scranton, Penna., 1920. 2 Award of the Anthracite Coal Mining Commission, Washington, Govern ment Printing Office, 1920.

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