The new industrial revolution and wages

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892065975

URN:: urn:nbn:de:zbw-retromon-236173

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Volume count:: Bd. 5, Hälfte 1

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1894

Scope:: XIII, 358 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Drittes Kapitel. Entwicklung der individualistischen Gesellschaft

Collection:: Economics Books

CONFLICT AND RECONSTRUCTION 75 without making any significant loss, even on the present sluggish market. This may be a prudent, self-protecting course, but it is no contribution to a just settlement of the industrial problem; because it leaves Labor discontented and Capital insecure. There is another great change going on in thousands of places scattered all over the country, namely, the acceptance by employers of the method of cooperative management, the method which, if it is carried out thoroughly, involves teach- ing representatives of the employees all about the business in which they are concerned. It does not involve any diminu- tion of authority in the management; but it does involve greater knowledge of the business in superintendents, fore- men, and the rank and file. And this, to my thinking, is one of the most promising of the present industrial phenomena, likely to lead to a wholesome evolution in the conduct of American industries and, by and by, in the conduct of the industries of other nations; because when employees are persuaded that they are partners with the employer, that the plant is theirs in a true sense, and that it is for their interest to make it as profitable as possible by stopping wastes, effect- ing economies, and improving discipline, the gain is so enor- mous that no nation which does not adopt cooperative man- agement will be able to compete with us. The duty of the hour is to get cooperative management in operation in as many single plants, or unified groups of plants, as possible all over the country—in combination wherever practicable with some form of profit-sharing, and always with preventive medicine, sanitation, wholesome family life, and school and play facilities. Every successful effort in this direction should be published far and wide, by advertisement if free insertion is denied. The employers of this country now have it in their power to take a long step forward toward sound industrial relations. [f they have the intelligence and the good will, they can put American industry in a masterly position in the competition of the world. Now you know that competition with the

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