Work, Wages, And Profits (1913)

Work, Wages, and Profits is a book written by Henry Laurence Gantt and published in 1913. The book discusses the relationship between workers, employers, and profits in the industrial world. Gantt was a prominent industrial engineer and management consultant who believed that workers were the key to increasing productivity and profits in factories. He argued that workers should be treated fairly and given incentives to increase their productivity. The book is divided into three parts. The first part discusses the principles of scientific management, which is a system of management that aims to increase efficiency and productivity through the use of scientific methods. Gantt believed that scientific management could be used to improve working conditions and increase wages for workers. The second part of the book focuses on the role of wages in the industrial world. Gantt argues that wages should be based on productivity, rather than on the market value of the worker's labor. He believed that workers should be paid based on the amount of work they did and the quality of their work. The third and final part of the book discusses the relationship between profits and productivity. Gantt believed that profits could be increased by improving worker productivity, and that workers should be given a share of the profits as an incentive to work harder. Overall, Work, Wages, and Profits is a seminal work in the field of industrial engineering and management. It provides a comprehensive overview of the principles of scientific management and the relationship between workers, employers, and profits. The book remains relevant today as a guide for managers and business owners seeking to increase productivity and profits while treating workers fairly.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.