Quadragesimo Anno - Capital and Labour

Capital and Labour

A related issue, says Pius, is the relation between capital and labour and the determination of fair wages. Pius develops the following ethical mandate: The Church considers it a perversion of industrial society, to have developed sharp opposite camps based on income. He welcomes all attempts to alleviate these cross differences. Three elements determine a fair wage: The worker's family responsibilities, the economic condition of the enterprise and the economy as a whole. The family has an innate right to development, but this is only possible within the framework of a functioning economy and sound enterprises. For this, Pope Pius concludes that solidarity not conflict is a necessary condition, given the mutual interdependence of the parties involved.

Read more about this topic:  Quadragesimo Anno

Famous quotes containing the words capital and, capital and/or labour:

    The duty of government is to leave commerce to its own capital and credit as well as all other branches of business, protecting all in their legal pursuits, granting exclusive privileges to none.
    Andrew Jackson (1767–1845)

    That monstrous tuberosity of civilised life, the capital of England.
    Thomas Carlyle (1795–1881)

    all her labour was but as a block
    Left in the quarry;
    Alfred Tennyson (1809–1892)