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)
There is just one word of warning necessary. According to Marx, the
workman receives from the employer the exchange value of his labour-force
or power on handing over to the employer its use-value. Marx maintained,
and unfortunately in the past there has been much to add force to his
contention, that Labour in return received a wage no more than equal
to “bare subsistence” or “bare cost of production of labour-power.” In
many cases the past level of wages cannot be defended, and it would be
foolish to try and vindicate it. But this much can be said, real wages
have risen very considerably since Marx’s day, and without any overthrow
of the industrial system. Such a result is absolutely in contradiction of
his prophecy, and at variance with his doctrine. It strongly suggests the
wisdom of constructive evolution as opposed to destructive revolution.
The Need of Sympathy in Workshop Life
The power of these economic fallacies is enormously reinforced by the
injustice and want of sympathy that too often surrounds the industrial
relationship between employers and employed. That atmosphere is due to
old-fashioned employers holding fast to crude individualistic notions
of industry, to the idea that a workman is the animated machine—ἔμψυχον
ὄργανον—of the Greek philosophers—an “economic unit” without soul,
sensibility, ideals or aspirations, who still labour under the
discredited obsession that justice and sympathy are incompatible with
discipline and the firm handling of labour. Of course, justice and
sympathy can have no place in a creed where labour is merely one of a
number of troublesome items of the cost of production. Neither is shown,
neither is expected. That type of employer has never recognized that
capital, brains and manual labour fill separate and distinct rôles in
industry. He looks upon himself as the all-dominant personality and
Labour as his feudal and dependent hireling.
Public-domain text, read in full here on John Shaqi.
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