"The labor problem" is the economics term widely used toward the turn of the 20th century with various applications. It has been defined in many ways, such as "the problem of improving the conditions of employment of the wage-earning classes." The labor problem encompasses the difficulties faced by wage-earners and employers who began to cut wages for various reasons including increased technology, desire for lower costs or to stay in business.
"The labor problem" is the economics term widely used toward the turn of the 20th century with various applications. It has been defined in many ways, such as "the problem of improving the conditions of employment of the wage-earning classes." The labor problem encompasses the difficulties faced by wage-earners and employers who began to cut wages for various reasons including increased technology, desire for lower costs or to stay in business.
Source: Wikipedia "The labor problem" · CC BY-SA 4.0
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