The stock market crash - and after

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Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter X. Labor's Coöperative Policy

Collection:: Economics Books

166 The Stock Market Crash—And After By coéperation in production, human instincts are satisfied. The instincts or impulses of ownership, loyalty and responsibility are felt by the workers in any enterprise in which they have a voice in the hiring and firing of workers, the distribution and routing of work, the steadiness of employment, the hours of labor, holidays, the rates of wages and earn- ings, health and safety conditions. The creative instinct is satisfied when the worker is encouraged to use his brains, not only to suggest the best way of doing his job, but to suggest improved types of products and ways of cutting down labor- time and other costs. Further, the creative instinct is satisfied when the laborer is given appropriate recognition for a good job well done. Devotion and dependability deserve reward as well as ability and skill. These primitive instincts can be guided but not suppressed. If employers would have their men loyal, efficient, and contented, they must realize— and they are realizing with increasing clearness— that men must have the opportunity to give expres- sion to the best that is in them. For without self- expression and initiative, no man can lead a normal life and give good service. Reduction of Strikes in New Era As already mentioned, the changed spirit in the relations of Capital and Labor is manifest by the reduction of industrial disputes. “Measured by any standard,” President Hoover's Committee on

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