political economy

Taylor
“Principles of Scientific Management”
Management’s principle: secure the maximum prosperity for the employer and the employee
Aim for high excellence and permanent prosperity
Maximum prosperity for employee: higher wages + develop worker to highest maximum efficiency to get highest quality of work
Max prosperity for employer and employee should = management
Scientific management: these fundamental interests are the same since both benefit from each other (long term)
Employer (high wages) benefits employee (low labor cost for manufacturing); vice versa
Various viewpoints on this issue and how much employees should get paid for X amount of work
Greatest prosperity = one reaches highest efficiency  largest daily output
Greatest permanent prosperity = each man and machine  largest possible output and low cost (to gain max profit; more than competition)
Max prosperity = only with max productivity
Achieve this via training workers and management (for fast pace and max efficiency of work)
Underworking: deliberately working slow/little = greatest evil of workers
Reform to fix this problem: workers work hard and at his advantage + management offer help = double output
“Soldiering” affects: wages, prosperity, all workers, and nation’s prosperity
Eliminate this problem: lowers cost of production (increases market), solves lack of employment and poverty;  higher wages + shorter working hours + better working and home conditions
3 conditions for why workers are deliberately underworking/soldiering
1) Fallacy: material increase in output for trade  put large # of men out of work
2) Management system is defective, hence people working slow for their own best interests
3) Inefficient rule-of-thumb methods (universal in all trades) = lots of wasted effort
1) Majority of workers believe that if they worked at max potential/speed, then it would throw others out of work (unfair)
Even though, invention of new machine/method = increases