Labour policy—false and true : $b A study in economic history and industrial economicsMacassey, Lynden Livingston
History
Labour policy—false and true : $b A study in economic history and industrial economics
Macassey, Lynden Livingston
Industrial policy -- Great Britain; Labor economics -- Great Britain; Labour Party (Great Britain)
Labour thoroughly well recognizes the productive power of the spirit of
co-operation. In certain trades men work in squads, and the members of
the squad share in agreed proportions the total price for the squad’s
collective work. Many shops are paid on the output bonus system or on
a “fellowship” basis. Under such conditions the earnings of the squad
or shop, within the limits fixed for normal output, depend on the full
co-operation of each member of the squad or shop. Co-operation is then
recognized as a moral duty. It is almost invariably afforded without
stint, if not it is sternly exacted. Many skilled men also paid on
output are assisted by semi-skilled or unskilled “helpers” paid a fixed
time wage, irrespective of output. Although the increased efforts of
the “helpers” result in increased earnings only for the skilled men, in
general co-operation is usually forthcoming from the “helpers,” and if
not it is unconditionally demanded. There is no difficulty in identifying
the doctrines to which the workers appeal in justification of their
present attitude of non-co-operation with employers—they all come from
Marxian Socialism. They are encountered everywhere in workshop, Trade
Union branch and district committee, and form the foundations of belief
amongst industrial democracy.
The Marxian Argument against Co-operation
Though it is not possible to crystallize the Marxian doctrines with
absolute precision of language into a few lines of print, they may be
stated in simple words, with tolerable accuracy, as follows:
“Production is the process of applying labour-force to raw
material, and the exchange or market value of the commodity
which is the product is created by the labour-force expended by
the labourer in working. That value, which solely results from
the labour so expended, is measured by the time occupied by the
labourer upon the production of the newly-created commodity in
question. The labourer is paid by his employer a wage which
represents the ‘exchange value’ of his ‘labour-force.’ But the
employer has obtained the ‘use-value’ of the labour-force,
and disposes of the newly-created product in the market at a
selling price which, after making allowance for the costs of
production before and after the application of labour-force,
is higher than the wage paid to the labourer. The excess is
‘surplus value.’ This surplus value in primitive industry is
appropriated wholly by the employer, but in industry more
highly developed is apportioned out among the different
classes of capitalists in the shape of ground rent, interest,
manufacturers’ profits, and commercial profit.”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account