Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
The modern trade union appeared in England shortly before the
industrial revolution,[2] and has extended as fast and as far as
the same stage of industrial development has been attained in other
countries. The effort of wage workers to organize themselves appears
everywhere to result from the separation of the economic and personal
interests of employers and workmen. As the control of industry became
more concentrated in larger units with the advent of power machinery,
the feeling of economic unity among the different ranks of industry
was further weakened. The average workman had less opportunity of
becoming a master, an employer. In the days of the old hand industry,
master, journeyman, and apprentice worked side by side at the same
bench. Almost every apprentice might hope to become some time a
master, and many a one did so. To-day most wage-workers in large
establishments have no hope of rising out of their positions. The mere
largeness of an establishment forbids also the personal acquaintance
of employer and workman. As a result of these changes, the workmen
become more "class-conscious" of their position as wage-workers and
the employers in many establishments take the attitude of buyers of
labor as a mere ware. When the employer then feels the pressure
of competition he is more likely to force the lowest wage that is
possible and to compel the workers to accept less favorable conditions
than if he were in more personal relations with them. Where the
immediate direction of an establishment is intrusted to paid managers
who are responsible to stockholders, the managers' success is judged
almost exclusively by the dividends they succeed in earning. Hence
they are under stronger and more persistent temptation than are active
owners to drive hard bargains with their employees. Many examples
might be found where managers and resident directors have wished to
pursue a more liberal policy than absentee shareholders would permit.
Public-domain text, read in full here on John Shaqi.
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