ABSTRACT

During the 19th century there were numerous attempts made to improve the wages system, and yet there developed increasing difficulties between employers and employed. The attempts made to improve the wages system have included such things as the bonus system, profit sharing, co-operative systems and, later on in the century, co-partnership. The business goes on making the same profit we will suppose under the co-partnership scheme, then at the end of the year the men, in addition to their usual rates of wages, are entitled to the co-partnership profits. The time comes when the profit having gone and the business is making a loss, there is not sufficient to pay the full rate of wages. Indeed the Trade Union movement on the whole is a tribute to the signal success with which those ideals have been carried through. But unfortunately in the middle of last century a new movement connected with the name of Karl Marx developed.