The stock market crash - and after

Bibliographic data

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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter X. Labor's Coöperative Policy

Collection:: Economics Books

Labor's Codperative Policy 173 been created in our economic life. It is recognized, first, that high standards of living are based on the greater earning power of labor, and, second, that continued prosperity and high wages go hand in hand.” President Grace holds that one of the chief func- tions of progressive industrial management is to safe- guard the wage rates and earnings of the workers. “Even when profits decline or business falls off,” he said, “efforts are made to economize in other ways than by cutting wages.” Only a few years ago wages were the first item of expense to be cut when business declined. In times of prosperity, also, wages and earnings were watched carefully, and, if they mounted above what was thought by the managers to be proper for workers to receive, a new scale was established which promptly brought them down to “normal.” Today both workers and managers have come to recognize that the end and aim of production is to produce goods that will sell, and not be piled up in warehouses and stores, and that high employee earn- ings per year may actually mean low labor cost per piece, and, consequently, low prices, large sales, and large profits. Workers today, better than ever before, under- stand that wages must be in a fair and just relation to production. Wages are far the largest item of cost in the production of most goods. If wage rates per piece are disproportionately high in any industry, the total cost of production in that industry will be

Access restriction

Copyright

fullscreen: The stock market crash - and after

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation