Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm LifeFairchild, Geo. T. (George Thompson)
Science
Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life
Fairchild, Geo. T. (George Thompson)
Agriculture -- Economic aspects; Economics
Other conditions, affecting the employment of children and women, are
proper subjects of restriction by law; for these also involve the
consideration of general welfare in the elevation of the physical, mental
and moral characteristics of the race. Upon the same plane must be put all
legal restrictions upon methods and machinery, reducing the dangers from
accident and promoting the comfort of employés. All restrictions serve
their purpose only so long as they are appreciated as having their reason
for existence in general welfare. The rights of an employer, under
contract with his employé, like the rights of a parent in control of his
child, are subject to the law of good will; and the world will yet find a
way to make its restrictions felt wherever recklessness or carelessness or
greed destroys good will.
_Nationalization of industry._—A somewhat popular suggestion in solution
of labor difficulties is the so-called nationalization of industry. This,
in general terms, is a proposition to equalize compensation and avoid
fluctuation in both wages and employment by public control of all
industries under official management. While this involves some principles
of socialism, more properly discussed in connection with consumption of
wealth, its relations to productive industry may be briefly presented
here. The plans proposed are as yet expressed only in most general terms.
Even the method of bringing about such a revolution of thought, feeling
and action has not been devised. Still less ready is anyone to point out
the details of a plan for the actual production. The nearest associated
ideas are found in governmental services through a post office department
or the management of a system of transportation. Most advocates of the
method overlook the fact that in such government administration of partial
industries the law of competition is still operative between these
enterprises and the universal industry of the people.
Public-domain text, read in full here on John Shaqi.
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