The plan
was to distribute profits, but instead of waiting until the profits had
been earned--to approximate them in advance and to add them, under
certain conditions, to the wages of those persons who had been in the
employ of the company for six months or more. It was classified
participation among three classes of employees:
(1) Married men living with and taking good care of their families.
(2) Single men over twenty-two years of age who are of proved thrifty
habits.
(3) Young men under twenty-two years of age, and women who are the sole
support of some next of kin.
A man was first to be paid his just wages--which were then on an average
of about fifteen per cent. above the usual market wage. He was then
eligible to a certain profit. His wages plus his profit were calculated
to give a minimum daily income of five dollars. The profit sharing rate
was divided on an hour basis and was credited to the hourly wage rate,
so as to give those receiving the lowest hourly rate the largest
proportion of profits. It was paid every two weeks with the wages.
Pages:
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223