Zwei Bücher zur socialen Geschichte Englands

The new industrial revolution and wages

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Monograph

Identifikator:: 1891000233

URN:: urn:nbn:de:zbw-retromon-260008

Document type:: Monograph

Author:: Held, Adolf http://d-nb.info/gnd/116681667

Title:: Zwei Bücher zur socialen Geschichte Englands

Place of publication:: Leipzig

Publisher:: Duncker & Humblot

Year of publication:: 1881

Scope:: XIV, 775 Seiten; 1 Portrait

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Erstes Buch. Soziale und politische Literatur von 1776-1832.

Collection:: Economics Books

CONSTRUCTIVE REMEDIES NEEDED 247 Lewis E. Piersons, former president of the United States Chamber of Commerce, also declared! in May, 1928: As production increased, it became apparent that consump- tion must keep pace with production and that, unless the consuming public had the funds with which to purchase. mass production could not long continue. [t was not a long step from this to the realization that a general diffusion of high wages and earnings was a necessary corollary of our industrial philosophy. The voice of organized labor has already been lifted in an appeal for cooperation. In any move to eliminate unemploy- ment or to maintain present standards of living, we can confidently count upon the support of those who are first to feel the effect of unbalanced prosperity and the first to benefit by the wider diffusion of the fruits of increasing produc- 100 Bankers, students of economics, publicists, and govern- ment officials have all, as has been shown, unreservedly accepted and advocated this constructive policy as the basis of maintaining industrial prosperity and for offsetting the menace of industrial retardation and unemployment. While this method of procedure is undoubtedly sound, it is also clear that it cannot be successfully carried out unless it is accompanied by general methods of coopera- tion, the fundamental object of which shall be the constant adjustment of production to consumption. As the former head of the United States Chamber of Commerce has truly said, “Nothing could induce us to abandon voluntarily our trinity of high production, high earnings and high consumption, yet unless we can work out more scientific States Banat the Annual Meeting of the Chamber of Commerce of the United

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