Work and Pay: A Suggestion for Representative Government in Industry

Robert G. Valentine

The Quarterly Journal of Economics, 1917, vol. 31, issue 2, 241-258

Abstract: I. The determination of work; job analysis, 242. — The several parties concerned in job analysis, 243. — A Determining Board representative of these parties, 244. — Length of working day, 245. — II. How much pay? 247. — Payment for risk to capital, 248. — Workers also assume risk, 249. — Other elements of cost; interest and dividends, 250. — Depreciation, cost of materials, 251. — This procedure the reverse of that usually followed, 252. — Salaries and wages the residuum, 253. — Wages settled by the Wage Board, 254. — Risk likely to be more frankly considered, 256. — Summary and conclusion, 257.

Date: 1917
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