Working Conditions, Wages and Profits (Classic Reprint)


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Excerpt from Working Conditions, Wages and Profits NO management question is more intimate than how far the employer ought to go in providing for the physical, social, and intellectual well-being of employees; no question of any sort is the source of more con icts between employers and employees than wages; and the measurement of the efficiency of labor in cost terms is the final test that the managers of a company can apply to a labor policy. These three angles of the labor problem are presented in the two companion volumes. 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."







Work, Wages, and Profits


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The Distribution of Wealth


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The Fissured Workplace


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In the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, on the list of big business's priorities, sustaining the employer-worker relationship ranks far below building a devoted customer base and delivering value to investors. As David Weil's groundbreaking analysis shows, large corporations have shed their role as direct employers of the people responsible for their products, in favor of outsourcing work to small companies that compete fiercely with one another. The result has been declining wages, eroding benefits, inadequate health and safety protections, and ever-widening income inequality. From the perspectives of CEOs and investors, fissuring--splitting off functions that were once managed internally--has been phenomenally successful. Despite giving up direct control to subcontractors and franchises, these large companies have figured out how to maintain the quality of brand-name products and services, without the cost of maintaining an expensive workforce. But from the perspective of workers, this strategy has meant stagnation in wages and benefits and a lower standard of living. Weil proposes ways to modernize regulatory policies so that employers can meet their obligations to workers while allowing companies to keep the beneficial aspects of this business strategy.




Risk, Uncertainty and Profit


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A timeless classic of economic theory that remains fascinating and pertinent today, this is Frank Knight's famous explanation of why perfect competition cannot eliminate profits, the important differences between "risk" and "uncertainty," and the vital role of the entrepreneur in profitmaking. Based on Knight's PhD dissertation, this 1921 work, balancing theory with fact to come to stunning insights, is a distinct pleasure to read. FRANK H. KNIGHT (1885-1972) is considered by some the greatest American scholar of economics of the 20th century. An economics professor at the University of Chicago from 1927 until 1955, he was one of the founders of the Chicago school of economics, which influenced Milton Friedman and George Stigler.




Basic Guide to the National Labor Relations Act


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Nickel and Dimed


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The New York Times bestselling work of undercover reportage from our sharpest and most original social critic, with a new foreword by Matthew Desmond, author of Evicted Millions of Americans work full time, year round, for poverty-level wages. In 1998, Barbara Ehrenreich decided to join them. She was inspired in part by the rhetoric surrounding welfare reform, which promised that a job—any job—can be the ticket to a better life. But how does anyone survive, let alone prosper, on $6 an hour? To find out, Ehrenreich left her home, took the cheapest lodgings she could find, and accepted whatever jobs she was offered. Moving from Florida to Maine to Minnesota, she worked as a waitress, a hotel maid, a cleaning woman, a nursing-home aide, and a Wal-Mart sales clerk. She lived in trailer parks and crumbling residential motels. Very quickly, she discovered that no job is truly "unskilled," that even the lowliest occupations require exhausting mental and muscular effort. She also learned that one job is not enough; you need at least two if you int to live indoors. Nickel and Dimed reveals low-rent America in all its tenacity, anxiety, and surprising generosity—a land of Big Boxes, fast food, and a thousand desperate stratagems for survival. Read it for the smoldering clarity of Ehrenreich's perspective and for a rare view of how "prosperity" looks from the bottom. And now, in a new foreword, Matthew Desmond, author of Evicted: Poverty and Profit in the American City, explains why, twenty years on in America, Nickel and Dimed is more relevant than ever.




Who Rules America Now?


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The author is convinced that there is a ruling class in America today. He examines the American power structure as it has developed in the 1980s. He presents systematic, empirical evidence that a fixed group of privileged people dominates the American economy and government. The book demonstrates that an upper class comprising only one-half of one percent of the population occupies key positions within the corporate community. It shows how leaders within this "power elite" reach government and dominate it through processes of special-interest lobbying, policy planning and candidate selection. It is written not to promote any political ideology, but to analyze our society with accuracy.




The Condition Of The Working-Class In England In 1844


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"The Condition of the Working-Class in England in 1844" by Frederick Engels is a powerful indictment of the Industrial Revolution's detrimental impact on workers. Engels meticulously demonstrates how industrial cities like Manchester and Liverpool experienced alarmingly high mortality rates due to diseases, with workers being four times more likely to succumb to illnesses like smallpox, measles, scarlet fever, and whooping cough compared to their rural counterparts. The overall death rate in these cities far surpassed the national average, painting a grim picture of the workers' plight. Engels goes beyond mortality statistics to shed light on the dire living conditions endured by industrial workers. He argues that their wages were lower than those of pre-industrial workers, and they were forced to inhabit unhealthy and unpleasant environments. Addressing a German audience, Engels' work is considered a classic account of the universal struggles faced by the industrial working class. It reveals his transformation into a radical thinker after witnessing the harsh realities in England. "The Condition of the Working-Class in England in 1844" remains an essential resource for understanding the hardships endured by workers during the Industrial Revolution. Engels' meticulous research and impassioned arguments continue to shape discussions on labor rights, social inequality, and the historical agency of the working class.