Scanlon, Joseph N.
October 1948
Industrial & Labor Relations Review;Oct48, Vol. 2 Issue 1, p58
Academic Journal
In the postwar period of labor unrest considerable attention has been focused on profit-sharing plans as a remedy for current industrial relations ills. Proponents of the idea insist that strikes and low productivity are twin symptoms of an internal maladjustment. The real trouble, they say, lies in the worker's fear of insecurity and his belief that he is being exploited. The solution, so runs the argument, is to hitch the wage earner's interest to the employer's profits. Both thereafter will work together in peace and harmony. And, indeed, this has been the experience in isolated cases; but most schemes have been far less successful. They have failed to show even the most elementary common sense in deyising means to create greater worker interest in the welfare of the enterprise. In a quick check of its records the National Industrial Conference Board reports that of 161 profit-sharing plans surveyed in 1937, about 60 per cent had been abandoned. The Board warned employers against too quick judgment on the advisability of following the profit-sharing movement.


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