This paper investigates the historical accounts of the ineffectiveness of the contract system in the US iron and steel industry during the second half of the nineteenth-century. The high rate of technological innovation, along with the extensive bargaining power of the old industrial crafts, made output-related pay so costly as to be unsustainable in the long run. A sliding scale mechanism, together with piece-rate pay, did nothing but exacerbate the labour problem.
Rise and Fall of the Contract System in the American Iron and Steel Industry
LISCIANDRA, Maurizio
2008-01-01
Abstract
This paper investigates the historical accounts of the ineffectiveness of the contract system in the US iron and steel industry during the second half of the nineteenth-century. The high rate of technological innovation, along with the extensive bargaining power of the old industrial crafts, made output-related pay so costly as to be unsustainable in the long run. A sliding scale mechanism, together with piece-rate pay, did nothing but exacerbate the labour problem.File in questo prodotto:
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