Excerpt from First Biennial Report of the Bureau of Labor Statistics of California: For the Years 1883-4 Take, for instance, the foundry business. The employers will uni )rmly tell you that business is excellent and that skilled mechanics re wanted while the workmen insist that business is bad, that there i an abundance of help, and that a decrease in the wages of labor is nminent. It is the old story of the struggle between capital and lboi' over the control of the market. However, a careful investiga ou has convinced me ...
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Excerpt from First Biennial Report of the Bureau of Labor Statistics of California: For the Years 1883-4 Take, for instance, the foundry business. The employers will uni )rmly tell you that business is excellent and that skilled mechanics re wanted while the workmen insist that business is bad, that there i an abundance of help, and that a decrease in the wages of labor is nminent. It is the old story of the struggle between capital and lboi' over the control of the market. However, a careful investiga ou has convinced me that an increase of the laboring population 11 which term I include skilled artisans and mechanics) is not at resent desirable and that it will not inure to the mutual advantage employer and employ???. Certain industries are oversupplied with elp, and unless there is an extension of trade there is danger of rowding the labor market. But it is also true that capital stands aady to invest in most any enterprise upon the SH htest encour gement, and that no better encouragement can be 0 ered than the isurance that there is a sufficient sup ly of help. Here, as in all rings, it is to the advantage of both si es to mutually yield some ung. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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