The Present Economic Revolution in the United States

By Thomas Nixon Carver | Go to book overview

CHAPTER FIVE THE FINANCIAL POLICY OF LABOR

I

IT is true that all these vast sums representing the accumulations of wage workers are a small proportion of the total capital of the country. Moreover, with all their purchases of the shares of corporations, they have not yet acquired a controlling interest in many of our industries. On the other hand, it is not altogether desirable, even from their own point of view, that they should. What the laborers really want, if they know their own interest, is the very best management that can be secured for these industries. It is only by superb management that any industry can expand. The general expansion of all our industries depends upon getting the most superb management that can possibly be secured. If the laborers themselves can secure this, well and good; but it is going rather far to assume that they could, in a very short time, acquire enough knowledge and experience of managerial problems to do this. Meanwhile, in order to give the best advice to laborers one must assume that they are just like other people and do not need advice that differs from what one would give to other would-be in-

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