Publisher's Synopsis
Excerpt from Transactions of the Manchester Statistical Society: Session 1885-6, and Index
In England, as well as in other countries, the weapon used to supplement competition as a regulator of wages and profits has been combination. At first combination took the form of a union of labourers on the one side and a corresponding union Of employers on the other, each union striving for as large a share of the produce as it was possible to Obtain. Where agree ment was impossible a strike began, the relations of employer and employed were suspended, and industry came to an end until the necessities of existence on one side or the other forced the contending parties to come to an understanding. It is under these circumstances that a new form of combination suggests itself - a combination not of labourers nor yet of employers, but a combination of both employers and employed, and one of the means adopted for determining wages is called a sliding scale.
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