Historisch-kritische Gesamtausgabe: Der Briefwechsel zwischen Marx und Engels 1868-1883 / [hrsg. von D. Rjazanov]

Der Briefwechsel zwischen Marx und Engels 1868-1883 / [hrsg. von D. Rjazanov] (Abt. 3, Briefwechsel, Bd. 4)

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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:: 184104282X

URN:: urn:nbn:de:zbw-retromon-239451

Document type:: Volume

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

Title:: Der Briefwechsel zwischen Marx und Engels 1868-1883 / [hrsg. von D. Rjazanov]

Volume count:: Abt. 3, Briefwechsel, Bd. 4

Place of publication:: [Frankfurt a.M.]

Publisher:: [Marx-Engels-Archiv]

Year of publication:: 1931

Scope:: XVI, 759 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Index

Document type:: Multivolume work

Structure type:: Index

Title:: Register-Abteilung zu den vier Bänden des Marx-Engels-Briefwechsels

Collection:: Economics Books

ACCEPTANCE OF NEW THEORY 101 prise whenever it has become clear that free contact fails to insure conditions of employment compatible with the social interest. In this manner, the length of the working day, the employment of women and children, the safeguarding of dan- gerous processes, have heretofore been defined as to least favorable terms by legal enactment. The motive of such legislation has been to replace, by exercise of the state’s police power, that minimum well-being which the wage-earner cannot secure for himself and which it is essential for the safeguarding of society, that he should enjoy. The same intervention is now invoked to establish as a minimum wage —for less than which it shall not be lawful for employers to contract or laborers to engage—an amount not less than the necessary cost of maintaining the worker’s family in health and decency.? DR. J. NOBLE STOCKETT, JR., UNIVERSITY OF CHICAGO The two fundamental principles which may fairly govern the wage determinations of arbitrators are the grant of a living wage to unskilled labor, and the maintenance of the standard of living of all employees. The first of these is the more important, since, with the upper grades of labor, there is no question of their securing enough to insure a decent standard of living. . .. There is practical agreement nowadays among students of social conditions that no employee should receive compensa- tion below an amount sufficient to secure a normal standard of living. The opinion is current that since the result of the wage contract is dependent upon the relative strength of the two parties, and since the employees are usually the weaker, :mployers should be limited in the exercise of their superior power by a provision that every wage must fulfil the re- quirements of a living wage. It is unnecessary to treat here of the reasons for the payment of a living wage. The 1 “Abolition of Poverty,” Jacob H, Hollander. Houghton Mifflin Company, 1919, pp. 68-69.

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