Economics for the People; Being Plain Talks On Economics, Especially for Use in Business, in Schools, And in Women's Reading Classes
Economics for the People; Being Plain Talks On Economics, Especially for Use in Business, in Schools, And in Women's Reading Classes
Richard Rogers Bowker
The book Economics for the People; Being Plain Talks On Economics, Especially for Use in Business, in Schools, And in Women's Reading Classes was written by author Richard Rogers Bowker Here you can read free online of Economics for the People; Being Plain Talks On Economics, Especially for Use in Business, in Schools, And in Women's Reading Classes book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Economics for the People; Being Plain Talks On Economics, Especially for Use in Business, in Schools, And in Women's Reading Classes a good or bad book?
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The modern industrial organization demands a di- rectorship, usually by one authoritative person, of an ability which commands a considerable return Digitized by V^OOQ IC OF CO-OPERATION. 203 of profits or an equivalent commutation of them into salary. Most associations of labor have been unwilling to accept this necessity of leadership or to pay for it, and they have consequently been unable to stem the keen competition which only brains can meet. The trades -unions themselves have too general...ly fostered the mistake so care- fully avoided by M. Godin, in providing that all qualities of labor shall be paid for at the same day-rate. The system of M. Godin is, in fact, what is more accurately known as Industrial Partnershipy in which employers retain the direction, but give to employes a share of profits in place of or in addi- tion to wages. The most noteworthy application of this method to ordinary trade conditions is the case of M. Leclaire's house-painting establishment in Paris. The 200 employes, formed into a provi- dent society, constitute one of three partners in the concern.
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