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PROFIT SHARING AND COLD BRICKS.

The remarks of Sir William Lover on profit sharing and the possibility of his firm commencing business in the Dominion has revived interest in the merits'of profit sharing. Dealing with the question under this heading the "Australian Worker" says:—"Of Sir William Lever personally much can fee said in approval of his life' work. Port Sunlight stands to his credit as an example of a town where something resembling civilised conditions exist. Between Carnegie's Pittsburg and the highest infant death rate in the ' world and Port Su,nlight .with the lowest there is a, great 'gulf. Onecould conceive'of:an individual capitalist like Sir -William Lever-formulating something resembling an equitable profit sharing system. But Sir William .. Lever is nd^loiigjcr *a private capitalist; he has become rpart of a'great corporation. Quite 1 recently he formed a combination with a nominal capital of 30 millions ■ '4o exploit the Chinese soap market. How much real capital has . gone into, ttayt undertaking no' one but the promoter and perhaps an inner ring. of exploiters really know/ Of one thing wo may be quito certain, <■ not anything , like 30 millions' worth of real capital has gone into this undertaking. When •we come to 'profit sharing' in a concorn of tha.t sort it makes quite a difference from the workers' point of view whether the 30 millions represent real capital, or say, five million pounds' worth of gold bricks. If the alleged . capitalist controls the share ledger, ■ profit' sharing may mean ■ anything. , Let us turn the proposition round' the 'other way. Suppose. that the. workers. l in any commercial undertaking had sole control of the time sheets' it- would 'make,quite a difference from the capitalists' standpoint if the worker acquired a, playful habit of calling an hoiir's work a week's time "or .something of that ssort.'As long as one party has absolute control of the- counters upon which his share of profit is placed, profit sharing must be a delusion and a snare. It is the old gold bricks swindle under a new name."

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https://paperspast.natlib.govt.nz/newspapers/AG19140218.2.22

Bibliographic details

PROFIT SHARING AND COLD BRICKS., Ashburton Guardian, Volume XXXIII, Issue 8797, 18 February 1914

Word Count
339

PROFIT SHARING AND COLD BRICKS. Ashburton Guardian, Volume XXXIII, Issue 8797, 18 February 1914

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