The Strokes And Science of Lawn Tennis

Cover The Strokes And Science of Lawn Tennis
The Strokes And Science of Lawn Tennis
P a Vaile
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I do not for one moment suggest that it would be possible at once to secure nimum wages in accordance with the standard I have outlined. What I am asking is that employers should themselves seek to raise wages as soon as they can, at any rate to the standard indicated, and should regard any lower one as unsatisfactory. It mi 16 INDUSTKIAL UNREST would have an immense effect on the relations of employers and workers if the latter felt that employers were striving to raise wages independently of ...any pressure which Labour might exercise.
I Increased wages may conceivably come /from three sources. We may reduce profits, /or increase prices, or increase the output I of wealth per worker, whether by inducing I the workers to exert greater energy or by so improving industrial processes and organisa- tion as to cause each unit of labour to produce more.
As regards the reduction of profits, there may be whole industries so favourably cir- cumstanced that they could afford to raise their scale of wages very substantially and yet earn profits which will ensure adequate supplies of capital.


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