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The Current Labor Policies of American Industries

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  • Sumner H. Slichter

Abstract

I. The situation down to 1920. — The effects of pre-war immigration, 393. — The effects of the war, 395. — The failure of post-war changes in the labor market to end the interest of business men in industrial good will, 396. — II. The post-war dread of labor trouble, 398. — The inability or unwillingness of employers to reduce wages in proportion to the drop in wholesale prices, 400. — The better appreciation by managers of the relationship between morale and efficiency, 401. — III. The methods by which enterprises have attempted to make labor more efficient and more contented: Helping employees acquire property, 404. — Helping them acquire a "stake" in the business, 408. — Protecting the magainst arbitrary treatment, 411. — Rewarding continuity of service, 414. — Giving them opportunity to advance, 416. — Giving them security, 419. — Other methods, 421. — IV. The effect of the new personnel policies upon the present labor situation. — Their effect upon productivity per worker, 424 .— Their effect upon union membership, 426. — Their effect upon the number of industrial disputes, 428. — Their effect upon the rate of turnover, 429. — V. The effect of the new labor policies upon labor's bargaining power and upon the spread of unionism, 431.

Suggested Citation

  • Sumner H. Slichter, 1929. "The Current Labor Policies of American Industries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 43(3), pages 393-435.
    • Handle: RePEc:oup:qjecon:v:43:y:1929:i:3:p:393-435.
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    Cited by:

    1. Bruce E. Kaufman, 2018. "How Capitalism Endogenously Creates Rising Income Inequality and Economic Crisis: The Macro Political Economy Model of Early Industrial Relations," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 57(1), pages 131-173, January.
    2. Bruce E. Kaufman, 2014. "The origins, evolution, and current status of human resource management in the United States," Chapters, in: Bruce E. Kaufman (ed.), The Development of Human Resource Management Across Nations, chapter 18, pages 461-492, Edward Elgar Publishing.
    3. Joshua L. Rosenbloom, 1999. "The Challenges of Economic Maturity: New England, 1880 - 1940," NBER Historical Working Papers 0113, National Bureau of Economic Research, Inc.
    4. Joshua L. Rosenbloom & William A. Sundstrom, 2009. "Labor-Market Regimes in U.S. Economic History," NBER Working Papers 15055, National Bureau of Economic Research, Inc.
    5. Thomas Lange, 2021. "Job Satisfaction and Implications for Organizational Sustainability: A Resource Efficiency Perspective," Sustainability, MDPI, vol. 13(7), pages 1-17, March.
    6. Dennis A.V. Dittrich, 2004. "Wages, Length of Relationship and Bargaining Power: An experimental study in a world of complete contracts," Papers on Strategic Interaction 2004-18, Max Planck Institute of Economics, Strategic Interaction Group.
    7. Garcia-Murillo, Martha & Macinnes, Ian, 2018. "Exploring the notion of sharing and cultural change related to emerging platform-based business models," 22nd ITS Biennial Conference, Seoul 2018. Beyond the boundaries: Challenges for business, policy and society 190358, International Telecommunications Society (ITS).
    8. Alain Cohn & Ernst Fehr & Lorenz Goette, 2015. "Fair Wages and Effort Provision: Combining Evidence from a Choice Experiment and a Field Experiment," Management Science, INFORMS, vol. 61(8), pages 1777-1794, August.
    9. Jeff Biddle & Elior Cohen, 2022. "Immigration Disruptions and the Wages of Unskilled Labor in the 1920s," Research Working Paper RWP 2022-12, Federal Reserve Bank of Kansas City.
    10. Sebastian Kube & Michel André Maréchal & Clemens Puppe, 2013. "Do Wage Cuts Damage Work Morale? Evidence From A Natural Field Experiment," Journal of the European Economic Association, European Economic Association, vol. 11(4), pages 853-870, August.
    11. Garey Ramey & Valerie A. Ramey, 1991. "Technology Commitment and the Cost of Economic Fluctuations," NBER Working Papers 3755, National Bureau of Economic Research, Inc.
    12. Doctorovich Anatoly Borisovich & Kushlin Valery Ivanovich & Ustenko Victoria Sergeevna, 2014. "International experience of development and realization of the strategy of human resources management," Published Papers nvg111, Russian Presidential Academy of National Economy and Public Administration.
    13. Bruce E. Kaufman (ed.), 2014. "The Development of Human Resource Management Across Nations," Books, Edward Elgar Publishing, number 14408.
    14. Syed Munawar Shah & Mariani Abdul-Majid, 2019. "Reciprocity, self-interest and reputation: debt vs equity contracts," Islamic Economic Studies, Emerald Group Publishing Limited, vol. 27(1), pages 53-64, August.
    15. Alain Cohn & Ernst Fehr & Lorenz Goette, 2013. "Fair wages and effort provision: Combining evidence from the lab and the field," ECON - Working Papers 107, Department of Economics - University of Zurich.
    16. Bruce Kaufman, 2008. "The Non-Existence of the Labor Demand/Supply Diagram, and other Theorems of Institutional Economics," Journal of Labor Research, Springer, vol. 29(3), pages 285-299, September.
    17. Chiaki Moriguchi, 2003. "Did American Welfare Capitalists Breach their Implicit Contracts? Preliminary Findings from Company-level Data, 1920-1940," NBER Working Papers 9868, National Bureau of Economic Research, Inc.
    18. Claudia Goldin & Lawrence F. Katz, 1995. "The Decline of Non-Competing Groups: Changes in the Premium to Education, 1890 to 1940," NBER Working Papers 5202, National Bureau of Economic Research, Inc.

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