On Trades Unions in Relation to National Industry
On Trades Unions in Relation to National Industry
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, the largest possible production, and the highest possible state of efficiency of the whole industrial population. To this end it is necessary that the reward of industry, i. E. , wages, should be large enough to maintain the efficiency of the industrial machinery ; or, in other words, to provide for the health, comfort, skill, and intel- ligence of the working population. Now, of course, these conditions of efficiency cannot be gained, unless there is a sufficient fnnd for the purpose ; and t...his fund, investing-capital, or capital seeking investment, is very indefinite and elastic, increasing with the inducements of profit and security; and going abroad in search of more favourable conditions whenever these cannot be adequately obtained at home ; or, it may be, withdrawing itself from invest- ment altogether.
The true interest of both Labour and Capital is, therefore, to pro- cure all possible facilities for the maximum production ; to promote the efficiency and economy of Labour; and to provide for the secu- rity of Capital, by peaceful relations between the two.
What to read after On Trades Unions in Relation to National Industry?
You can find similar books in the "Read Also" column, or choose other free books by Elijah Helm to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, the largest possible production, and the highest possible state of efficiency of the whole industrial population. To this end it is necessary that the reward of industry, i. E. , wages, should be large enough to maintain the efficiency of the industrial machinery ; or, in other words, to provide for the health, comfort, skill, and intel- ligence of the working population. Now, of course, these conditions of efficiency cannot be gained, unless there is a sufficient fnnd for the purpose ; and t...his fund, investing-capital, or capital seeking investment, is very indefinite and elastic, increasing with the inducements of profit and security; and going abroad in search of more favourable conditions whenever these cannot be adequately obtained at home ; or, it may be, withdrawing itself from invest- ment altogether.
The true interest of both Labour and Capital is, therefore, to pro- cure all possible facilities for the maximum production ; to promote the efficiency and economy of Labour; and to provide for the secu- rity of Capital, by peaceful relations between the two.
What to read after On Trades Unions in Relation to National Industry?
You can find similar books in the "Read Also" column, or choose other free books by Elijah Helm to read onlineMoreLess
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