Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public PolicyClark, John Bates
General
Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public Policy
Clark, John Bates
Economics
_Displacements of Mature Laborers naturally tending to
Diminish._--When an improvement is made in one of the upper subgroups
while the general flow of labor is toward these groups, the effect is
not usually to lessen the absolute number of workers in the upper
subgroup where the improvement has been made, but merely to prevent it
from getting a _pro rata_ share of the labor that is moving upward
toward this tier of subgroups from the lower ones. The change in the
apportionment of the social laboring force between the upper subgroups
and the lower ones is made gradually, without violent transfers of
particular men from point to point, and merely by directing to the
upper subgroups a disproportionate number of young workers who are
selecting their fields of employment. In general, _labor_ moves from
point to point in the system without requiring many _particular
laborers_ to do so. As actual loss of places by persons of mature age
is the chief evil connected with changes in methods of production, it
is a most welcome fact that the influence which we are studying tends
naturally to reduce the extent of it.
_The Discarding of Aged Laborers mainly caused by a Further
Influence._--Quite apart from a demand for less labor at a particular
point in the system, there may occur a discharging of men merely
because of age and a substituting of younger men. In establishments
where the pace is a rapid one men have thus to give place to young
successors at an earlier age than the one at which men give place in
other employments. The effect of some machinery is to improve the
chances of old men, while that of other machinery is to reduce them. A
lightening of toil and a shortening of the working day preserve men's
powers and enable them to retain employment longer.
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