Thus a new way of finding fluidity will inevitably be imposed on management and labor alike. The profit-sharing, or "progress" sharing union contract is the only possible way of satisfying labor and the consumer without saddling industry with fixed costs that in depression periods can kill off marginal companies like flies.
John ChamberlainThou shalt not covet means that it is sinful even to contemplate the seizure of another man's goods - which is something which Socialists, whether Christian or otherwise, have never managed to explain away.
John ChamberlainTwo hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.
John Chamberlain