Profit-sharing between employer and employee, a study in the evolution of the wages system . and 491 partici-pants, so that the whole number of workmen admittedto a share in profits was 793.^ The bonus of the threeclasses amounted in 1882 to 30 per cent., 23 per cent.,and 15 per cent, respectively, on their wages. FromJanuary 1, 1880 (when the bonus ceased to be pay-able in cash), until December 31, 1883, the sum of1,9G9,000 francs was applied to the conversion ofshares in the business in favor of the workmen, in-dividually and collectively (including the shares con-stituting the reserve and p
Profit-sharing between employer and employee, a study in the evolution of the wages system . and 491 partici-pants, so that the whole number of workmen admittedto a share in profits was 793.^ The bonus of the threeclasses amounted in 1882 to 30 per cent., 23 per cent.,and 15 per cent, respectively, on their wages. FromJanuary 1, 1880 (when the bonus ceased to be pay-able in cash), until December 31, 1883, the sum of1,9G9,000 francs was applied to the conversion ofshares in the business in favor of the workmen, in-dividually and collectively (including the shares con-stituting the reserve and pension funds). Duringthese four years the workmen also received in cash185,000 francs as interest and dividend on their follows a table exhibiting the number, size, andtotal and average values, of the shares held by employees on the 30th of June, 1883. ^ The so-called interested (intcresscs) are not workmen, butpersons who, through inheritance or purchase, have acquired an inter-est in the establLshment, but have no other relation to it. 178 THE PROFIT SHARING What struck the workmen most of all, said to the French Commission of 1883, referringto the speedy disappearance of their prejudices, wasto see such a one of their number, who had in the pre-vious year been allotted 200 francs, receiving* 10 francsinterest and a part of the profits [as a share-owner],independent of that to which his labor gave him aclaim. To-day we have workmen who draw everyyear from 100 to 200 francs interest. M. Godinhimself enjoyed this substantial income in 1883: Ininterest at 5 per cent, (on his capital of 3,090,420francs), 154,521 francs ; in salary as Director, 15,000francs ; as dividend on his labor as an associate,4,785 francs ; as super-dividend on his capital, 24,646francs; and in dividend as Director, 60,387 francs,—a total of 259,339 francs. The rate of dividend tocapital and labor was per cent, in 1886, and cent, in 1887. The organization
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