Historisch-kritische Gesamtausgabe: Werke und Schriften bis Anfang 1844

Volkswirtschaftspolitik (2.1902)

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Identifikator:: 1818395479

Document type:: Multivolume work

Author:: Marx, Karl http://d-nb.info/gnd/118578537; Engels, Friedrich http://d-nb.info/gnd/118530380

Title:: Historisch-kritische Gesamtausgabe

Place of publication:: Frankfurt a.M.

Publisher:: Marx-Engels-Archiv

Year of publication:: 1927-

Collection:: Economics Books

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Volume

Identifikator:: 1823189806

URN:: urn:nbn:de:zbw-retromon-213998

Document type:: Volume

Author:: Engels, Friedrich http://d-nb.info/gnd/118530380; Marx, Karl http://d-nb.info/gnd/118578537

Title:: Werke und Schriften bis Anfang 1844

Volume count:: 1,2.1930

Place of publication:: Frankfurt a.M.

Publisher:: Marx-Engels-Archiv

Year of publication:: 1930

Scope:: LXXXII, 691 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Briefe und Dokumente

Collection:: Economics Books

ACCEPTANCE OF NEW THEORY 109 establish a minimum rate below which no worker will be paid. And this minimum must be set on a flexible scale in the light of a thoroly contemporary knowledge of a whole- some standard of living in the locality—a standard that in- cludes all the elements that make for a progressive citizen- ship. PROFESSOR IRVING FISHER, YALE UNIVERSITY! I might read something that is pertinent on this subject, an article called “Social Standards for Industry in the National Conference, of Charities and Corrections at their Cleveland Meeting in 1912,” giving the following definition of a living wage: “A living wage for all who devote their time and energy to industrial occupations. The monetary qualification of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living, to provide for education and recreation; to care for immature members of the family; to maintain the family during the period of sickness, and to permit a reasonable saving for old age.” HENRY R. SEAGER, PROFESSOR OF ECONOMICS, COLUMBIA UNIVERSITY? To sum up my conclusions: The economic interest of society requires the payment of living wages to all workers, except, possibly, children learning trades and defectives, who must be treated as wards of the state. CHARLES A. ELLWOOD, PROFESSOR OF SOCIOLOGY, UNIVERSITY OF MISSOURI? A normal family life evidently requires not only proper physical conditions, sufficient income to maintain a decent 1 Testimony in Boston Elevated Railroad Arbitration (1914), in giving his views as to what constituted a living wage. 2 “Theory of the Minimum Wage,” American Labor Legislation Review, February, 1913, pp. 90-91. 8 “Sociology and Modern Social Problems.” New edition, 1919, American Book Company, p. 176.

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