It is better
than arbitration, which acts intermittently and incalculably from
outside, and makes no call on the continuous co-operation of the trade
itself.
My hope is that as the true value of the Trade Board comes to be better
understood, its powers, far from being jealously curtailed, or confined
to the suppression of the worst form of underpayment, will be extended
to skilled employments, and organised industries, and be used not merely
to fulfil the duty of the community to its humblest members, but to
serve its still wider interest in the development of peaceful industrial
co-operation.
UNEMPLOYMENT
BY H.D. HENDERSON
M.A.; Fellow of Clare College, Cambridge; Lecturer in Economics;
Secretary to the Cotton Control Board from 1917-1919.
Mr. Henderson said:--From one point of view the existence of an
unemployment problem is an enigma and a paradox. In a world, where even
before the war the standard of living that prevailed among the mass of
the people was only what it was, even in those countries which we termed
wealthy, it seems at first sight an utterly astonishing anomaly that at
frequent intervals large numbers of competent and industrious
work-people should find no work to do.
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