Word: laboring
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Dates: during 1920-1929
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...prime factors in the production of wealth are natural resources--land the most common--and human labor. To these the common-sense of man has added a third factor, which is essential to our present scale of production, capital--that portion of wealth which is laid aside to assist in future production. Current wealth production must be apportioned, on some basis, to the three factors in the form of rent to land, wages to labor and interest to capital. And from rent, wages and interest, one or all, must come the current living expenses of individuals, current expenses...
...clearly evident that the value of the factors labor and capital must be the cost of reproduction, the number and amount of each being relatively limitless and that, both being relatively mobile, location has little to do with value. But Natural Resources (land) being incapable of reproduction and being immovable, their value depends entirely upon location; and that location--value, in turn, depends upon accessibility and desirability, affected in large part by the expenditure of public money for highways and other public improvements. So it is seen that if we could collect taxes on the basis of land values...
...thing of shreds and patches" was Secretary of Labor James John Davis's description of the fabric of the U. S. immigration law. In his annual Department report he recommended that Congress...
...graduated from Wesleyan University in 1907, and from the Brooklyn Law School in 1910. The following year he was granted the degree of Ph. D. by the department of Political Economy of Columbia University. He has traveled widely in Europe and has had many contacts with European leaders of Labor, Socialist, and Cooperative movements. His recent books include "A History of Socialist Thought" and "Power Control" Laidler is vice-president of the National Bureau of Economic Research and chairman of the Labor Research Committee of the Rand School...
...concluding his talk. Mr. Watkins presented two alternative futures for American industry. He admitted as possible the success of the "New Capital", which involves labor stock holding and profit sharing. But he favors the view that overproduction and unemployment will combine to place American Industry in a state of decline