The New Industrial Revolution and Wages

"The New Industrial Revolution and Wages" provides a comprehensive survey of the transformative economic shifts in the United States following the Great War. Authored by W. Jett Lauck, this work examines the radical changes in industrial theory and practice that underpinned the era of prosperity in the late 1920s.

The text delves into the evolving relationship between industrial productivity and wage structures, arguing that the modern era required a fundamental reassessment of traditional economic models. By analyzing the integration of new technologies and management techniques, Lauck explores how these advancements influenced the standard of living and the broader labor market. This study serves as a vital historical document for understanding the economic philosophies of the interwar period, offering insights into the transition from traditional manufacturing to a more complex, high-output industrial society.

Researchers and students of economic history will find this work an essential resource for tracing the roots of American labor policy and the theoretical foundations of 20th-century economic growth. Through its detailed examination of contemporary practices, "The New Industrial Revolution and Wages" captures a pivotal moment in American economic thought before the onset of the Great Depression.

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