Economics Volume II: Modern Economic ProblemsFetter, Frank A. (Frank Albert)
General
Economics Volume II: Modern Economic Problems
Fetter, Frank A. (Frank Albert)
Economics
Two main purposes appear somewhat intermingled in this legislation
in limitation of hours. The first purpose is to protect the public
directly where the safety of others is dependent on the health and
efficiency of the worker. The second purpose is to protect directly
the worker's health and welfare, that policy being recognized to be
in the long run the best likewise for the public welfare. In legal
reasoning it is being recognized that the individual wage-worker, even
the adult male, is not in a position to judge the number of hours he
ought, for his own good, to work, and is unable to fix the length of
his own working day. As a matter of economic theory, the usance of a
child, a woman, or a man, is merely that kind and amount of
service that can be given out by each without repressing the normal
possibilities of growth, reducing the normal health and vigor, or
shortening the normal period of healthy productive human existence.[8]
It is becoming a general social policy to prevent the abnormal strains
of industry that cause the unnatural deterioration of the human factor
in industry. A wage-worker may be permitted to sell his daily _net_
fund of working power--his usance--but not his life.
§ 9. #Plan of the minimum wage.# Even more recent than the legislative
regulation of hours downward is the attempt to regulate wages upward
in the case of certain low-paid wage-workers. The modern[9] movement
for the minimum wage began in Victoria in 1896, and it soon extended
to nearly all the other Australasian states. Great Britain applied the
plan in 1910 to industries in which wages were exceptionally low. The
plan was first adopted in the United States by Massachusetts in the
year 1912, tho in an emasculated form, and spread so rapidly that at
the end of 1915 it was found in at least 11 states. Minimum wage
laws usually lay down "a living wage" as the standard to be used,
and either prescribe a flat rate of wages, or, more often, leave the
decision in each case to the wage commission established to administer
the law.
Generous sympathies have guided this movement of which much has
been hoped and which, on the other hand, has always had its adverse
critics. The most that can be claimed for it by its friends after more
than twenty years of experience, is that the "dire predictions" have
not been verified. In truth it would seem that the plan as yet has not
been tried on a scale that could yield very large fruits either
for good or for evil. The persons whom it is sought to aid are only
selected groups of the lowest paid workers, generally limited to
minors and young women, who in many cases are those of immigrant
families in urban districts. A large volume of discussion on this
subject has developed, mostly of an _a priori_ nature, of which we may
here touch only a few of the salient points.
Public-domain text, read in full here on John Shaqi.
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