Jasper County Democrat, Volume 17, Number 75, Rensselaer, Jasper County, 26 December 1914 — Profit Sharing as a Means to Industrial Peace [ARTICLE+ILLUSTRATION]

Profit Sharing as a Means to Industrial Peace

By CHARLES W. ELIOT,

President

Emeritus of Harvard

ANY one who has watched labor /A legislation and judicial decisions on' labor cases during the last five or ten years will have come to the conclusion that it is for the manufacturers, bankers and

merchants of the country to invent and bring into practice the modifications of the yr. ag e system needed to bring industrial peace and success in the pursuit of Happiness to both employer and employed. The experiments on this general subject already tried, indicate clearly that a combina-

tion. of the following modes of action promises to produce the desired result: Co-operative management, PROFIT SHARING, INSURANCE AGAINST ACCIDENTS, SICKNESS AND DEATH BENEFITS AND PENSIONS AND GOOD HOUSING. No plan of co-operative management and profit sharing will be permanently successful unless it turns out to be profitable both to the employer and to the employee, but it is well nigh certain that any well devised plan which contains the various features above mentioned; or most of them, will prove successful.

Photo by American Press Association.