The new arrangement. (1905)

From the June 1905 issue of the Socialist Standard

“Harkins,” said old Barlow to his foreman, “the firm has decided to inaugurate a system of profit sharing with the employees.”

“Good ! What were the profits last year ?” 

“Last year we lost twelve thousand pounds.. That necessitates a cut of 10 per cent. in wages under the new system. Tell the men the new arrangement comes into effect immediately.”