[43135] in Discussion of MIT-community interests
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daemon@ATHENA.MIT.EDU (Discount Ink)
Wed May 20 11:32:37 2015
To: <mit-talk-mtg@charon.mit.edu>
Date: Wed, 20 May 2015 11:32:36 -0400
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<p align="right" style="font: 14px;">interests, and to those of the country generally. It is but a few years since the Legislature upheld the prejudice that it was impossible to allow FOOP
anyone to share profits without obliging him to share the risks. But in the FPF Act of 1862 this prejudice was given up, and I do trust that any other
prejudices which stand in the way of this great reform may shortly be dissolved, now that the law gives a full opportunity for the trial. 7ea99ed1b6714702bd5343b786c98bee </p>
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<p>It may be said<B>that no firm would long stand if they could [139] be obliged at</B>intervals to reveal the state of their hi; any temporary 7ea99ed1b6714702bd5343b786c98bee
embarrhiment would thus become known, and their<b>hi would be gone. but no such</b>revelation is at all necessary. The only fact which need be ITETFNTM
published is whether the profits exceed the fixed minimum. It would be absurd<i>to suppose that any inference as to the hi 7ea99ed1b6714702bd5343b786c98bee</i>and solvency of the
firm could be drawn from such a fact. As regards all the particular transactions, debts, contracts, and other affairs 7ea99ed1b6714702bd5343b786c98bee of a firm, exactly the
same secrecy can be maintained as at present. It is TLSOX 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee 7ea99ed1b6714702bd5343b786c98bee clearly to be understood, too, that IXL the sharing of profits does not entail the right to
control, in any degree, the affairs of the firm, or to demand an investigation of their accounts. The employés of an industrial partnership RIGW
will partially resemble the immense number of persons who now hold small shares of insufficient value to give them any appreciable voice in the 7ea99ed1b6714702bd5343b786c98bee
management of the<i>companies, or to make it worth their while to spend time, trouble, or hi in the matter. no</i>small part of the capital of the 7ea99ed1b6714702bd5343b786c98bee
country is thus owned by purely phiive recipients of the profits procured for them by larger capitalists, or directors and managers of companies MWX
intrusted with the hi. workmen sharing profits will be in the same position, ROTNB except that in their own work or in keeping an eye upon the work </p>
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<p align="right">of others, EVUA they will possess, every hour and every minute, the means of contributing something to the profits they 7ea99ed1b6714702bd5343b786c98bee share. IX.? When we come to think about the matter, it is plain that industrial
partnerships are founded upon the surest principle of human nature—self-interest. There can, I think, be but four motives which can operate upon a workman. SHJMF </p>
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<p align="right">(1.) Fear of dismissal. (2.) Hope of getting higher wages or a better employment. (3.) Goodwill to his employer, and desire to fulfil his bargain honestly. MQQD </p>
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(4.) Direct self-interest in the work. [140] The first of these, no doubt, is 7ea99ed1b6714702bd5343b786c98bee sufficient 7ea99ed1b6714702bd5343b786c98bee to prevent the workman being much below the average of 7ea99ed1b6714702bd5343b786c98bee efficiency, but it cannot do more. The second is
a powerful incentive where IQYHQHK an employment allows of many grades, and promotion is hi and depends on merit. in many of the ordinary handicraft
employments, however, both these 7ea99ed1b6714702bd5343b786c98bee motives are to a great extent relaxed by the regulations of the unions 7ea99ed1b6714702bd5343b786c98bee which favour the equal hi of all
moderately efficient workmen, and yield a strong support to those who are in their opinion wrongfully dismissed. The third motive is really operative XANUWNPH
to a greater extent than we should suppose, but is not one that we can expect to trust to. The fourth motive—direct interest in the 7ea99ed1b6714702bd5343b786c98bee work done—is .</p>
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