Government Ownership of Public Utilities in the United States
Government Ownership of Public Utilities in the United States
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In our eReader you can find the full English version of the book. Read Government Ownership of Public Utilities in the United States Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Government Ownership of Public Utilities in the United States
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For industries from the point of employment of labor, Govern- ment ownership would bring disaster from the start. Labor follows somewhat the same laws as water in that the wages must maintain a fairly uniform level throughout the entire country. If wages in Detroit should rise 20 per cent above those in New York or Cleve- land, men would promptly flock from Cleveland or New York to Detroit factories until there would be there a plethora of labor, and the wages would go down accordingly. On the ...other hand, if for some reason or other, the wages in Toledo should go down mate- rially as compared with those in Pittsburgh or Detroit, men would begin to leave Toledo until those who remained would be in a posi- tion to demand higher wages. In this way sooner or later the wages throughout the whole country have to reach a fairly uniform level, which varies only because of the cost of living in the various sections of the country. In this way wages as expressed in dollars and cents may be lower in Connecticut than in California, but then the cost of living in Connecticut is also lower, so that the amount of comforts which wages can buy or the standard of living which they make possible would be the same and practically uniform from Connecticut to California.
What to read after Government Ownership of Public Utilities in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Leon Cammen to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
For industries from the point of employment of labor, Govern- ment ownership would bring disaster from the start. Labor follows somewhat the same laws as water in that the wages must maintain a fairly uniform level throughout the entire country. If wages in Detroit should rise 20 per cent above those in New York or Cleve- land, men would promptly flock from Cleveland or New York to Detroit factories until there would be there a plethora of labor, and the wages would go down accordingly. On the ...other hand, if for some reason or other, the wages in Toledo should go down mate- rially as compared with those in Pittsburgh or Detroit, men would begin to leave Toledo until those who remained would be in a posi- tion to demand higher wages. In this way sooner or later the wages throughout the whole country have to reach a fairly uniform level, which varies only because of the cost of living in the various sections of the country. In this way wages as expressed in dollars and cents may be lower in Connecticut than in California, but then the cost of living in Connecticut is also lower, so that the amount of comforts which wages can buy or the standard of living which they make possible would be the same and practically uniform from Connecticut to California.
What to read after Government Ownership of Public Utilities in the United States?
You can find similar books in the "Read Also" column, or choose other free books by Leon Cammen to read onlineMoreLess
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