PROFIT-SHARING AND THE PREVENTION OF STRIKES.
[To THE EDITOR Or IRE "SPECTATOR."]
Sra,—Now that this subject is so much to the fore, why do we not hear more of the policy of profit-sharing as practised by the South Metropolitan Gas Company ? That surely is the best system yet invented for producing harmony between employers and employed. Of course there are initial difficul- ties in introducing it, as the late Sir G. Livesey found. Its cost may lead to a temporary reduction of dividends. Also the workers who are not accustomed to it bate it and will not have it at any price. But though it involved a strike and a practical restaffing of the works, that resolute man managed to carry his point with the best possible results. Conciliation and arbitration only seem to produce a state of unstable equilibrium which does not last. The profit sharing of the S.M.G.C. has apparently produced a lasting solution of difficulties. Why is not such a good example studied and
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