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Papers and Proceedings of the Annual Meeting of the American Economic Association (Volume 39-40)

Papers and Proceedings of the Annual Meeting of the American Economic Association (Volume 39-40)


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About the Book

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. 1917. Excerpt: ... SOME PHASES OF THE MINIMUM WAGE QUESTION By James E. Le Rossignol The University of Nebraska In taking a bird's eye view of labor legislation since the beginning of the nineteenth century we see that for nearly a hundred years legislators confined themselves chiefly to the regulation of the age and sex of workers, hours of labor, hygiene of factories, and all the other environmental conditions of labor, but made practically no effort to regulate the value of labor, the center and heart of the labor contract. It is often said that there is no essential difference between the regulation of conditions of employment and the fixing of wages. Mr. Webb says: "Once we begin to prescribe the minimum conditions under which an employer should be permitted to open a factory, there is no logical distinction to be drawn between the several clauses of the wage contract."1 Professor Taussig appears to take much the same view, when he says: "The demand for legislation establishing a minimum rate of remuneration does not necessarily involve questions of principle different from those considered in the preceding sections; and yet, if pushed to its farthest consequences, it might easily raise a new question."2 However, the qualification made in the latter part of this statement, together with the discussion which follows, shows that Professor Taussig recognizes a distinction in principle between the two kinds of regulation. They are alike in many respects, though fundamentally different. In the one set of phenomena we have, as it were, regulations prescribing the quantity and quality of labor which may be bought and sold; in the other we have an effort to control demand and fix the market price. The former might be compared to the regulation of weights and measures, the grad...


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Product Details
  • ISBN-13: 9781235672378
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 118
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1235672379
  • Publisher Date: 01 Feb 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 277 gr


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