Word: reductionism
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From North Carolina comes the news that this experiment is actually taking place in a large Iron Works and Supply Company. During a meeting called to discuss a disagreement over a twenty percent wage reduction, one of the employes suggested that the plant be managed by the workers and the...
Even the most optimistic of labor's friends will hardly agree with Mr. Kelly that "if the owners cannot operate the plants the workers will." They may succeed in North Carolina--and they may not. Most persons agree that labor and capital must continue to be partners, each dependent on...
What does it mean? No prophet is needed to outline what has happened. Materials and labor are higher in price; the manufacturers have had to charge more for their goods; but now the public has reached the limit of its patience and its buying power. Prices must be reduced, for...
"Sixth, that recently the standardization of manufacturing processes has been increasing with such amazing rapidity that there has been a considerable reduction in the cost of commodities. This is a permanent influence of no mean importance and should not be slighted in any consideration of the future of industries, in...
Second, great armaments and military establishments. The building up of great armaments has in the past at times provoked wars and induced nations to enter into wars which might not otherwise have been undertaken. Each nation which builds up a great military establishment also stimulates other nations to do the...