7/9 The wage system should be so designed as to make it clear that the wage is a share in the industry's earnings which is to advance as these earnings advance. A "regulated slide of wages rising with the prosperity of the industry as a whole" would help to secure this without friction. Methods of industrial remuneration giving an assurance of thus sharing the benefit of increased or more economical production are required. A valuable work on such methods, which are already very various, was published by the late Mr.David Schloss many years ago. New methods will, no doubt, be found. |