The Industrial Unrest And the Living Wage a Series of Lectures Given At the in

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The Industrial Unrest And the Living Wage a Series of Lectures Given At the in
Eng Inter Denominational Summer School 2nd 1913 S
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Mr Gilman does not answer these questions ; he bases profit-sharing on the need for variety, flexibility, and interest in work. This can be done by piece-rates ; but profit- sharing is over and above payment whether by time or piece, and requires an economic justification.
I think that the ground for justification is broadly obvious when we reflect that the profits of firms vary between wide limits. If the wage is meant to discount the workman's risks and chances, ought not wages to vary, so th
...at the more pros- perous firms would pay more ? Does not the practical need of a " common rule " deprive certain workpeople of a supple- ment which they ought to have ?
We must distinguish two kinds of advantages which a firm may have, and which will appear in its profits.
There are competitive advantages, gained in the open market, often at the expense of other firms. Now, it has often been shown that, over a whole industry, all the capital taken together just about gets its living rate. Some gains, and some loses.


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