Incentives in the New Industrial Order
Incentives in the New Industrial Order
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In our eReader you can find the full English version of the book. Read Incentives in the New Industrial Order 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 Incentives in the New Industrial Order
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It would have an important psychological effect upon the attitude of the workers towards the future. The insufficiency and the insecurity of livelihood from which most of them suffer are 'deterrents of saving. Sudden rises of " earnings " are " wind- falls, " to be spent as fast as earned. The habit of saving cannot be implanted under such conditions. Enough could not be regularly put aside to furnish any adequate provision for any great emergency, PSYCHOLOGICAL TESTS 57 or for prolonged old ag...e. Therefore, the savings of the workers are mainly devoted to short and cheap emergencies, such as burial, and brief spells of sickness or unemployment.
If the new social order could put workers in full security of a decent maintenance, with power to make adequate provision for retirement and for other lasting improvements of conditions, the sav- ing habit, so common among fairly secure middle- class people, would take root in large sections of the workers. Part of the socially necessary saving done in this New Order would not take shape in ordinary processes of private investment at interest, but would be conducted by reserves or improve- ment funds accumulated by publicly owned industries in order to make provision for expan- sion.
What to read after Incentives in the New Industrial Order?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It would have an important psychological effect upon the attitude of the workers towards the future. The insufficiency and the insecurity of livelihood from which most of them suffer are 'deterrents of saving. Sudden rises of " earnings " are " wind- falls, " to be spent as fast as earned. The habit of saving cannot be implanted under such conditions. Enough could not be regularly put aside to furnish any adequate provision for any great emergency, PSYCHOLOGICAL TESTS 57 or for prolonged old ag...e. Therefore, the savings of the workers are mainly devoted to short and cheap emergencies, such as burial, and brief spells of sickness or unemployment.
If the new social order could put workers in full security of a decent maintenance, with power to make adequate provision for retirement and for other lasting improvements of conditions, the sav- ing habit, so common among fairly secure middle- class people, would take root in large sections of the workers. Part of the socially necessary saving done in this New Order would not take shape in ordinary processes of private investment at interest, but would be conducted by reserves or improve- ment funds accumulated by publicly owned industries in order to make provision for expan- sion.
What to read after Incentives in the New Industrial Order?
You can find similar books in the "Read Also" column, or choose other free books by J a John Atkinson Hobson to read onlineMoreLess
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