Factory and Industrial Management Volume 59, No. 2

Factory and Industrial Management Volume 59, No. 2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...different firms of industrial engineers. This experience ultimately led to the founding of the wellknown organization of general consulting and management engineers and industrial experts of which he is now the head and director, with offices at No. 6 East 39th Street, New York. 'Labor does not understand capital because it is not sufficiently acquainted with the facts regarding capital. Capita' does not understand labor for the same reason. In cases where each side has known the facts regarding the other there has been little in the way of difficulty as regards relationships. The two great causes of inefficiency in industry, and it is this inefficiency that makes for high prices, are: 1. On the part of Capital. Idleness in the use of materials, plant and equipment--waste in money. 2. On the part of Labor. Retarding production, through getting more wages for less hours, and in many cases turning out less per hour--waste in time. Behind these two great causes of inefficiency is the curse before mentioned--lack of knowledge of the facts in the case. Idleness in industry is in most cases buried in the cost and production figures to such an extent as to make it next to impossible to determine how much money has been wasted, and, as things stand today, idleness is rewarded for the causes of idleness find their way into the prices we are paying for the products of industry. Get the facts into the open so that we may know the cause of idleness and we will begin to make some rapid progress toward securing greater efficiency in industry. This is a responsibility of capital. Our Lack Of Knowledge As regards waste in time by labor, this waste is due largely to lack of knowledge of what constitutes actual attendance in relation to standard hourly...show more

Product details

  • Paperback | 144 pages
  • 189 x 246 x 8mm | 268g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236970489
  • 9781236970480