Quote: workers get a fraction of productivity gains; the bulk of the gains go to the market, the whole people

Quotation

It does seem grossly unjust when the bare statement is made that the competent pig-iron handler, for instance, who has been so trained that he piles 3 8/10 times as much iron ... should receive an increase of only 60 per cent. in wages. .... At the first glance we see only two parties ... We overlook the third great party, the whole people, ... who ultimately pay both the wages of the workmen and the profits of the employers. The rights of the people are therefore greater ... And this third great party should be given its proper share of any gain.   Google-1   Google-2

Published before 1923

Related Topics

Topic: managing people (64 items)