Word: wages
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Dates: during 1910-1919
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Board to Settle Wage Disputes...
...High wage is the herald of high price. If an employer should suddenly put price down, it would be very difficult to reduce wage. But he cannot reduce price--he keeps it high to protect himself against increased cost of materials and sudden labor demands...
...fault for the high living cost? Wage earners are blaming the employers and capitalists, and the employers and capitalists are blaming the wage earners. Each accuses the other of profiteering. How can the profiteer be hunted out? He has thrived in spite of the excess profit tax. A maximum profit law would involve no end of red tape. Bringing to account those profiteers which are on the surface would be like applying a temporary remedy to vermin instead of getting at the cause of vermin. What encourages profiteering?--disorder, uncertainty, distrust...
...industrial conference at Washington comes none too soon. It sees labor, Capital, and the Public gathered together to solve ourdemoralizing problem. The public's representation is highly significant. It is given a chance for protection against further absurd Capital and Labor relationships. Reduction in wage and price is out of the question. But an increase must not be. This is what the public must demand. At most there can only be a gradual adjustment to the present scale of wage and price. Retracing steps to the former standard of living would provoke a greater strain on society than adjustment...
That the University has not shown dangerous deficits in past pears is due primarily to the fact that we are not paying a fair living wage to our teaching staff. Salaries have not increased since 1906. The present scale in the Faculty of Arts and Sciences being for Instructors $1,200-$1,500; Assistant Professors $2,500-$3,000; Full Professors $4,000 to a maximum of $5,500 a year. A fifty per cent, increase, which would absorb the entire income from twelve million dollars, is no more than our teachers should receive...