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Industrial Progress and Human Economics

Chapter 14: INVENTOR'S PROPORTION.
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About This Book

A practical outline for advancing industry by prioritizing human welfare, presenting policies and methods for creating and managing productive enterprises. It argues for higher value per unit of labor through improved tools, specialization, efficient organization, and cooperative management, offering guidance for investors, managers, and workers to assess prospects and reduce investment risk. Emphasizing unified public purpose after wartime disruption, it promotes steady policy, team work, and personal development as keys to state and individual economic progress, and is framed as both a textbook and a reference for those involved in industrial development.

INVENTOR'S PROPORTION.

In the machine tool industries, one-third of the interest in the plant is given to the inventor. This, to the average investor appears to be an unfair proportion, but it is one of those cases in which the broadest vision is necessary, and a glance at the earning power of such organizations as well as the prestige of the inventions, will bear out the wisdom of the general plan in similar industries.

The plan, however, should not be considered as something that boosts only one man or one group of men. If there is any attempt to exploit labor, the plan is wrong. The scheme must be fundamentally right so that each man coming into the workshop or the office of business finds there his best opportunity to develop and receive his best return for the use of his energies.

It is hoped that succeeding chapters will build up confidence in the scheme that will make it possible for men to see the way to progress in this line, to have faith in each other and to know that their ultimate success will come through a spirit of cooperation, concentration of attention and energies of each man to his own special work so as to attain highest ability and last but not least, the complete coordination of all in one safe, sane industrious organization.