LABOUR AS ENTREPRENEUR
INTERESTING SUGGESTION. [BY TELKORAPH.— ASSOCIATION.] WELLING SON. Tuesday.
That the relations of cav.tal and labour be reversed, and that '.wital bo paid a pre-determincd rate taw* Visured against risks, and that labour j '3-i,< nil it can make out of the proceeds of l,he'venture by increased efficiency and application Was the suggestion r/>ntain&) in ft;'.j'-tijpeF Mad before the Science •; Mr. G, V.. V Hamilton, a practical fnth. isontrdij>(g . J sawmilling company with SO"' hands; At present, he said, labor 's wag..* was pre-determincd oix. a basis permitting ' a bare subsistence. The proposed scheme would encourage a higher standard of elliciericy and give the knowledge that the employee would receive his rightful share of the proceeds of his efforts, the employee to have a measure of control in the "business justified by the services rendered. A premium on the bank rata to, cover risks could ha paid over the pie-deter-mined rate to cover the capital risks. Half (lie directorate would be elected by the capital shareholders, and half by the lnbn • shareholders.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19230117.2.126
Bibliographic details
New Zealand Herald, Volume LX, Issue 18300, 17 January 1923, Page 10
Word Count
174LABOUR AS ENTREPRENEUR New Zealand Herald, Volume LX, Issue 18300, 17 January 1923, Page 10
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.