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 V. The emergence of a new constructive policy

Collection:: Economics Books

? NEW CONSTRUCTIVE POLICY 83 which was only 20 per cent. dead weight and 80 per cent. earnings, you can see that science and invention and research have made progress in the railroad industry as in all other industry. When you measure the progress of these railroads by those tests which we normally apply to test the efficiency of indus- try, you find in the transportation service in 1913, 166,000 ton miles moved per employee; in 1922, 243,000 ton miles moved per employee; in 1913, 19,000 passenger miles per employee, and in 1922, 21,600. It is manifest that the standard of living can only be advanced and maintained by the creation of more and more articles for division among American Homes. [t is manifest that this increasing volume must press into more and more homes, facilitated by the economies of costs which mass production itself secures, and aided in its distri- bution by more widely distributed buying power, which enlarged competition for workers itself assures. It is, however, necessary and proper that, with this dem- onstration of vast increase in material wealth, we should make sure that such wealth is fairly and equitably distributed, not by law and edict, with all the inequalities and injustices which follow such application of human judgment in author- ity, but that it be fairly and equitably distributed by the social system and the natural processes of trade in which individual superiority obtains its reward by the attraction of superior service. REVOLUTIONARY CHANGES IN ATTITUDE OF FINANCIERS, INDUSTRIALISTS, AND LABOR LEADERS - These significant statements as to fundamental changes necessary in theory and practise in considering the reha- bilitation of industry and the compensation and living standards of industrial workers, were accepted by other representative leaders of industry and of public opinion, and soon met with widespread sanction and action, includ-

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