Labor's Crisis; An Employer's View of Labor Problems
The book Labor's Crisis; An Employer's View of Labor Problems was written by author Sigmund Mendelsohn Here you can read free online of Labor's Crisis; An Employer's View of Labor Problems book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Labor's Crisis; An Employer's View of Labor Problems a good or bad book?
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Higher cost of living. Existing economic and labor conditions show that the greatly reduced working time has not developed higher labor efficiency nor produced greater labor con- tentment nor reduced labor unrest, but has produced the opposite effect. Decreased production must also lead to decreased consumption, for a wide gap cannot exist between them, and a decided contraction in the one will force the same upon the other. The factor which strongly influences both production and con- sumption..., or what is termed supply and demand, is the cost of the product, and, barring temporary ab- normal conditions, consumption and demand are stimu- lated by a low cost and are retarded by a high cost of the product. The curtailment of the time of labor presents a logical and comprehensive policy in the interest of REDUCED HOURS 69 labor and of far-reaching economic and social conse- quence to the general public. By reducing the day's work the supply and the wage of labor are more ef- fectively controlled and the demand for labor is greatly stimulated.
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