Excerpt from Working Conditions, Wages and Profits NO management question is more intimate than how far the employer ought to go in providing for the physical, social, and intellectual well-being of employees; no question of any sort is the source of more con icts between employers and employees than wages; and the measurement of the efficiency of labor in cost terms is the final test that the managers of a company can apply to a labor policy. These three angles of the labor problem are presented in the two companion volumes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com 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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This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Reprint of the original, first published in 1885.