Book Description

Excerpt from Labor's Crisis: An Employer's View of Labor Problems This book makes no pretensions to a scientific study of the institution of labor nor of the causes and effects of the present labor unrest. The views and observations presented herein may, however, have some value, even to the student of labor, because they are based upon the practical experience of an employer who has to deal not with the theories, but with the facts which determine the relationship of capital and labor. The political economist is still under the influence of the labor conditions of the nineteenth century, and he is slow to recognize the rapid transformation of the labor problem in more recent years. A labor problem still exists, and in more acute form than ever, but it concerns the welfare of society more than of labor. It is no longer based upon excess of labor but upon insufficiency of labor; it no longer relates to an inadequate wage but to an inflated wage; it no longer deals with an oppressed suffering class but with an all powerful and militant element which is striving for economic dominance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.