The Christian Unity of Capital And Labor
The Christian Unity of Capital And Labor
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If the two co- operate in conformity with mechanical laws, the machine, throbbing witli steam-life, will accomplish all its maker intended. Each has contributed its force in the desired manner, and the resultant power they have harnessed is the product of both.
Capital and labor have therefore a common interest in using the results of their combination with the greatest effi- ciency ; that is, in obtaining the largest legitimate gain from their union, and on this ground alone, if just principle...s pre- vailed, there should be no antagonism between the two. Each ought to do its utmost to increase the joint product, because each is interested in the distribution of the proceeds, and harmonious efforts achieve a maximum of profit while dispute reduces it to nothing.
Of course all this desirable conjunction is hypothetical. If just principles prevailed — but they do not and cannot un- der the present system of working — the employer, w ith all t he ris k T takes all the profit, minus as little as he can pay his workmen ; and as the general average of profits more than covers losses, the net returns swell the wealth of capital, while the co-ordinate in production has to be content with what it can get in the shape of fixed wages.
What to read after The Christian Unity of Capital And Labor?
You can find similar books in the "Read Also" column, or choose other free books by H W Harry W Cadman to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
If the two co- operate in conformity with mechanical laws, the machine, throbbing witli steam-life, will accomplish all its maker intended. Each has contributed its force in the desired manner, and the resultant power they have harnessed is the product of both.
Capital and labor have therefore a common interest in using the results of their combination with the greatest effi- ciency ; that is, in obtaining the largest legitimate gain from their union, and on this ground alone, if just principle...s pre- vailed, there should be no antagonism between the two. Each ought to do its utmost to increase the joint product, because each is interested in the distribution of the proceeds, and harmonious efforts achieve a maximum of profit while dispute reduces it to nothing.
Of course all this desirable conjunction is hypothetical. If just principles prevailed — but they do not and cannot un- der the present system of working — the employer, w ith all t he ris k T takes all the profit, minus as little as he can pay his workmen ; and as the general average of profits more than covers losses, the net returns swell the wealth of capital, while the co-ordinate in production has to be content with what it can get in the shape of fixed wages.
What to read after The Christian Unity of Capital And Labor?
You can find similar books in the "Read Also" column, or choose other free books by H W Harry W Cadman to read onlineMoreLess
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