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Disparities of money create markets, labour, property, planning, wealth and capital. Mental inequalities lead to innovation and theory. Knowledge differentials are at the heart of educational institutions, professionalism, government and so on.
The limits of collective bargaining as a factor in industrial peace. Section 2. In the beginning, the scheme must probably be based on an acceptance of existing wage "differentials." The reasons for this are of a practical kind. Section 3. Any policy which planned to develop a scheme of wage relationships merely by maintaining existing differentials would be bound to fall to pieces in the end.
Furthermore, revision of the existing differentials would be undertaken only when the case for revision seemed definite and clear.
Since, on practical grounds, it is held that any attempt to create an ordered scheme of wage relationship must begin by accepting existing wage levels, it may be judged by some that the scheme that is sought could be developed merely by maintaining these relationships. That would mean that existing differentials would be maintained as customary differentials.
Claims will constantly be presented by particular groups for some improvement in their economic position. These claims could not be disregarded merely on the score that they contravened the scheme of established differentials.
This method does not meet all the demands of our previous reasoning regarding wage differentials. It would, however, be the only way to avoid too much complication in the determination of wages for different groups or classes of labor. What would be the chief difficulties and disadvantages attendant upon the application of the measure just sketched out?
Differences in the levels of earnings of various groups of wage earners have been called "differentials." An effort has been made to explain their causes. Several practical conclusions, in regard to them, may be deduced from the preceding discussion.
He had endeavored, as far as the nature of the case allowed, to avoid any scientific abstractions, because he knew that when practical men came to theory x's and y's, differentials, integrals, and other mathematical formulæ they were apt to be terrified.
"A" Troop, once the worst-drilled in the Eleventh, and universally known as the "Differentials," is now called "the Parson's Flock," but there is no irreverence in the term, for soldiers honor men like him whose faith is backed by courage long tried on many a field.
I differentiate x and y, that is I consider x and y as being so infinitesimally small that they do not represent any real quantities, even the smallest, so that, of x and y nothing remains, except their reciprocal relations, a quantitative relation without any quantity; therefore dx/dy, the relation of the two differentials of x and y, is 0/0 but 0/0 is fixed as the expression of y/x.
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