Lecture 7 . Welfare Capitalism - Lecture 7: 1. Welfare...

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Lecture 7: 1. Welfare Capitalism (employee representation) Practice of businesses providing welfare -like services to employees. Welfare capitalism  was centered in high wage industries (not in the industries characterized by low pay,  high turnover, child labor , or dangerous working conditions.) Many companies started  offering higher pay and non-monetary compensation such as health care , housing, and  pensions , as well as employment bureaus, in-house training, sports teams and social  clubs. In the United States it was pioneered by George F. Johnson  and Henry B.   Endicott , with high wages and subsidized housing. These coincided with state laws of  the Progressive Era that outlawed child labour, imposed minimum wages and maximum  hours; women received special protections and restrictions. Two important goals, articulated by Ford with the $5 dollar daily pay rate, were to reduce 
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This note was uploaded on 01/16/2009 for the course ILRCB 1100 taught by Professor Danielc during the Fall '07 term at Cornell University (Engineering School).

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Lecture 7 . Welfare Capitalism - Lecture 7: 1. Welfare...

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