Labor And Capital; a Discussion of the Relations of Employer And Employed;

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As to the economic effects of the system, Mr.
Livesey declares that he has been in the company's service for over fifty years, but he bears testimony that never during the whole of that time have the relations of employers and employed been on such a footing of mutual confidence and good-will as during the last ten years. The friendliest relations have been established between both sides, and the work has gone on without a hitch. What is much more important from the economic point of view, the
...result of this establishment of a common interest has been that the gain of the company from the in- creased efficiency of the workmen has more than compensated for the money paid away in bonuses.
The English are slow to adopt improvements, even when their success has been demonstrated in- controvertibly. The Livesey experiment still labors to a certain extent under the prejudice excited by the angry passions evoked in the strike which pre- ceded its adoption, but there is abundant evidence that profit sharing plus co-partnership is recognized more and more by the longest-headed, most wide- awake employers in Great Britain as the key to the 328 Model Industries solution of the question which you have invited us to discuss.


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