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Updated: May 6, 2025


The farms, the shops and private businesses of the small and semi-rural towns; these were the common origins and discipline of our industrial leaders and of the more skilled groups of wage earners. There was no great difference either of educational or of industrial opportunity between the mass of men.

These various considerations, it need hardly be said, cannot be weighed mechanically, but only by the use of the informed judgment. The policy of wage settlement must, in addition, give indirect encouragement to the growth of such industrial beliefs and institutions as will enable the wage earners to participate in the control over the conditions of production.

The revolution in the past is that of the bourgeoisie against feudalism, which finds its expression, according to him, particularly in the French Revolution. The one in the future is the revolution of the wage- earners, or proletariat, against the bourgeoisie, which is to establish the Socialist Commonwealth.

A plain and unmistakable reassertion of this principle of unified control, which I have always been advised was the intention of the Congress to apply, is necessary to increase the efficiency of our merchant fleet. The perennial conflict in the coal industry is still going on to the great detriment of the wage earners, the owners, and especially to the public.

The average income of our people, measured in dollars of equal purchasing power, has increased after taxes by more than 50 percent. In no other 10 years have farmers, businessmen, and wage earners made such great gains. We may not be able to expand as rapidly in the next decade as in the last, because we are now starting from full employment and very high production.

If the general level of profits throughout the field of industry tended to approximate a return thought to be fair, the principles will recommend themselves to the wage earners and to the community in general, as just.

Let us share them to give homeowners and wage earners a chance to escape from ever-higher property taxes and sales taxes. Let us share our resources for two other reasons as well. The first of these reasons has to do with government itself, and the second has to do with each of us, with the individual. Let's face it. Most Americans today are simply fed up with government at all levels.

I want the employers to understand the hopes and yearnings of the workers, and I want the wage earners to understand the burdens and anxieties of the wage payers, and all of them must understand their obligations to the people and to the republic. Out of this understanding will come social justice which is so essential to the highest human happiness."

Secondly, for all except the lowest grades of wage earners, the direction of expenditure changes somewhat as particular prices change in a different measure. This second disadvantage was noted particularly during the war, when the supplies of certain commodities were limited or rationed.

The views and motives of the wage earners and of the employers are likely to remain constant under different systems of wage payment and thus the outcome is not likely to differ greatly. No matter what the method of wage payment, the question of output will be largely one of mutual confidence, of tact, and of fair dealing.

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