Arbitration And Wage-Fixing in Australia ..
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To quickly assess the difficulty of the text, read a short excerpt:
The right to fair wages is not regarded as equivalent to a claim upon a fair proportion of the profits. Employees "run no financial risks, and incur no liabilities," hence cannot ask to share in profits.
But on the other hand, wages are a first charge upon industry, standing on the same level as the cost of raw material. A fair and reasonable remuneration has to be paid before profits are ascertained. The capabilities of an industry are not taken into account by the Court, so far as the living ...wage is concerned, since to do so would make want of skill and enterprise on the part of an em- ployer a reason for the stinting of laborers in their prime necessities of life.
If a man cannot maintain his enterprise without cutting down the wages which are proper to be paid to his employees — at all events, the wages which are essential for their living — it would be better that he should abandon the enterprise.^ This limitation applies more specifically to the minimum living wage. If a company whose financial position is not good is willing to pay that minimum, it may bargain with its skilled workers for a wage lower than their customary wage, and they are at liberty, so far as the Court is con- cerned, to accept it.
What to read after Arbitration And Wage-Fixing in Australia ..?
You can find similar books in the "Read Also" column, or choose other free books by National Industrial Conference Board to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The right to fair wages is not regarded as equivalent to a claim upon a fair proportion of the profits. Employees "run no financial risks, and incur no liabilities," hence cannot ask to share in profits.
But on the other hand, wages are a first charge upon industry, standing on the same level as the cost of raw material. A fair and reasonable remuneration has to be paid before profits are ascertained. The capabilities of an industry are not taken into account by the Court, so far as the living ...wage is concerned, since to do so would make want of skill and enterprise on the part of an em- ployer a reason for the stinting of laborers in their prime necessities of life.
If a man cannot maintain his enterprise without cutting down the wages which are proper to be paid to his employees — at all events, the wages which are essential for their living — it would be better that he should abandon the enterprise.^ This limitation applies more specifically to the minimum living wage. If a company whose financial position is not good is willing to pay that minimum, it may bargain with its skilled workers for a wage lower than their customary wage, and they are at liberty, so far as the Court is con- cerned, to accept it.
What to read after Arbitration And Wage-Fixing in Australia ..?
You can find similar books in the "Read Also" column, or choose other free books by National Industrial Conference Board to read onlineMoreLess
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