Publisher's Synopsis
Excerpt from Sharing Profits With Employees: A Critical Study of Methods in the Light of Present Conditions
Brie?y put, the conclusion reached in this book is that it does not. From the point of View of increasing pro duction it is incomparably inferior to an equitable system of payment by results. As a means of promoting industrial integration by improving the status of the wage-earner, it is, apart from special cases, quite ineffective.
The further we move from the cash nexus and the donating principle, the nearer we approach a true solution of the problem. Co-partnership, as commonly conceived, avoids the pitfall of mere cash distribution but retains the gifting element. This means that workers with no desire for shares and no knowledge of the rights and Obligations involved have these responsibilities thrust upon them.
The wrong method is to give and then try to enlighten the worker as to the meaning of the gift. The primary necessity is Education. The worker desires a higher status than that of a mere wage-earner. This cannot be an unmixed blessing. Greater power means greater obliga tions, new functions mean new knowledge, higher earnings mean heavier risks. The first and fundamental condition of success in co-partnership is therefore a sound knowledge of the responsibilities involved in share-holding.
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