PROFIT SHARING: Democratic Capitalism in American Industry by Kenneth M. Thompson

PROFIT SHARING: Democratic Capitalism in American Industry

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KIRKUS REVIEW

A comprehensive exploration of profit sharing as the harmonious bridging of management and labor relations, this covers the successes as well as the failures that have resulted from experiments along these lines. It gives also the scope, in large as well as small businesses, describes the proper planning for this type of industrial cooperation, defines profit sharing as ""participation by employees in the distribution of the company's profits according to pre-announced formula"". It goes further afield in its examination of the unions' interest in profit-sharing, the proof that it is an extension of American democracy, that profit sharing has its it importance in national economy. For industrial relations counselors, union, labor and management heads, this argues its case ably.

Publisher: Harper