Charles M. Schwab Labor Quotations

I will not be in the position of having management dictated to by labor.

We hear much of Bolshevism, much of labor unrest; at times, we hear the word 'revolution.' But these are but contagious diseases in the body of civilization, and I believe that the antitoxins of good cheer, mutual confidence, fairness and justice will ultimately cure these ills and make the world healthy and strong again.

We make our own labor unions. We organize our labor into units of 300, and then the representatives of these 300 meet together every week. Then every fortnight they meet with the head men.

Labor should be recognized as entitled to consult with management in the mutual interest. Labor cannot be driven, and business cannot be successful unless the men employed in it are enthusiastic and loyal. That loyalty cannot be obtained with a big stick; it must be based upon fair dealing and sympathy.

The Bethlehem profit-sharing system is based on my belief that every man should get exactly what he makes himself worth. This is the only plan I know of which is equally fair to the employers and every class of employee. Someday, I hope, all labor troubles will be solved by such a system.