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Laws of Wages; An Essay in Statistical Economics

Laws of Wages; An Essay in Statistical Economics


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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt: ...an unlimited power of labor organizations to better the economic status of the laborer. The one hypothesis that is entertained is that both economic law and trade combinations affect the outcome of trade disputes as to wages, and the scientific task that is imposed is to measure, as far as possible with available data, the relative importance of the two factors in the determination of the resulting rate of wages. Preceding chapters have shown, not theoretically but concretely, that wages move pari passu with the productivity of labor, and that the productivity of labor is conditioned by the degree and nature of the organization of capital and labor in industry. Does the productivity of labor likewise set bounds to the power of labor organizations to raise wages? Does the productivity theory of wages give a clew to regularities in the outcome of strikes? Are there economic laws of strikes? In this chapter an attempt will be made to obtain some definite idea as to the power of trades-unions to raise wages and as to the limits set by economic law to the effective activity of trades-unions. The inquiry will consequently seek answers to two questions: (1) as to the manner and measure in which tradesunions influence the outcome of trade disputes; and (2) as to the manner and measure in which the outcome of trade disputes is limited by economic law. Outcome of Strikes as affected by Trades-Unions. If it be true that labor organizations exert an influence on the outcome of strikes, then the following conclusions would seem to be necessary corollaries: (1) The outcome of strikes that are declared by labor organizations should be more favorable to the interests of laborers than the outcome of strikes that are not so declared; (2) The stronger the labor organization i...


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Product Details
  • ISBN-13: 9781231921180
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 40
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1231921188
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 91 gr

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