Business
represents our national livelihood, it reflects our economic progress,
and gives us our place among other nations. We do not want to jeopardize
that. What we want is a better recognition of the human element in
business. And surely it can be achieved without dislocation, without
loss to any one, indeed with an increase of benefit to every human
being. And the secret of it all is in a recognition of human
partnership. Until each man is absolutely sufficient unto himself,
needing the services of no other human being in any capacity whatever,
we shall never get beyond the need of partnership.
Such are the fundamental truths of wages. They are partnership
distributions.
When can a wage be considered adequate? How much of a living is
reasonably to be expected from work? Have you ever considered what a
wage does or ought to do? To say that it should pay the cost of living
is to say almost nothing. The cost of living depends largely upon the
efficiency of production and transportation; and the efficiency of these
is the sum of the efficiencies of the management and the workers.
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