The American Magazine of Civics Volume 8

The American Magazine of Civics Volume 8

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1896 edition. Excerpt: ...and, by indirection, supporting the contention that if there had been profits, and profits in view of which the wages his company was paying were inadequate and unfair, there would have been something about which to arbitrate. - See Harper's edition of 1874, page 225, note. fSec " Rights of Labor," Weslmimter Kevinii for July, 1810, Vol. 134, patfe (W. Protectionists also favor higher prices and large profits, in order that protected employers may pay high wages; and they go so far as to claim that the additional profits which protection enables protected employers to make, are a trnst fund for their respective employees, thus logically constituting such employers trustees, from whom their beneficiaries ought to be entitled to an account for and payment of such increased profits. The strike is a protest against the greed and excess of the capitalist in the matter of profits. And the strike is a legal institution. Legislatures have said that strikes are no longer unlawful conspiracies; and workmen are permitted to combine to affect the rate of wages, to insist that an increase in wages shall follow on an increase in profits, and that the amount of the profits of an enterprise shall affect the wages paid by it. Cooperation and profit-sharing are to the same effect. If the logical import of the claim of the protectionists could be adopted it would be legitimate to conclude that the enlarged and additional profits of each industrial enterprise, whether protected or unprotected, constitute a trnst fund for the laboring men employed in such enterprise; that labor has the right to have that trust fund ascertained, accounted for, and paid over, and that the issue joined must be found in the affirmative! But, says Judge Cooley in his address to the...show more

Product details

  • Paperback | 244 pages
  • 189 x 246 x 13mm | 440g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236667182
  • 9781236667182