Source book in Economics Selected And Ed for the Use of College Classes
Source book in Economics Selected And Ed for the Use of College Classes
Fetter, Frank A. (Frank Albert), 1863-1949
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114-119 (wages and efficiency), from The Standard Rate in American Trade Unions, Johns Hopkins University Studies in His- torical and Political Science, 30th series, No. 2, 1912. ] The standard rate as a minimum [page 10]. The main- tenance of standard rates has always been a leading feature of American trade-union wage policies. The unions have from the first sought to attain their primary purpose of advancing wages by substituting collectively established rates of wages for those which their ...members could obtain in isolated wage bargains. Almost universally their efforts in this direction have taken the form of the establishment and enforcement of standard rates. . . . The standard rate is ordinarily ex- pressed as a minimum rate. Members are allowed to receive more than the standard rate, but for a member to work for less, unless specifically exempted by the union, is a violation of the union rule. The establishment of a standard rate does not, therefore, necessarily secure to the unions complete par- ticipation in the settlement of the wage rate to be paid in each individual case.
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