376, book is called by the] "Spectator" "the new industrial pel." For what the two authors set out to prove is thut it is possible to work the apparent miracle of, raising the wages of the workman and reducing the cost of the commodity to the consumer at the same time, The open secret, which spel, is contained in two increase hie output he ean_ increase his profits, To secure this larger output the authors of this book postulate that payment of wages should bear a relation to the amount of work done. That also is a very reasonable requirement, Unfor. tunately, when submitted to the British workman, it is immediately rejected and he demands a minimum wage irrespective of the amount of labour he puts into his eight-hour day. A man who works harder than his mates is at once called down and ordered to "ca? canny" and not take the bread out of another man's mouth. For the worker argues that there is only a certain amount of employment available and the less each man does the more men must be employed to accomplish the necessary work, The consequence is that labour costs high and the finished product ean-not be marketed. This results in loss of orders, slack trade and less employment for everybody. Thus it comes to pass that the old cout try is in a bad way and we have incessant labour disputes and strikes that are only one degree less disastrous than civil war.
Text read from the printed page and cleaned; old type leaves the occasional error.