Modern industrial organisation is quite different from the past. In the past, there was direct, close and personal relationship between the employers and the employees. In many cases crafts men used to work at their residences engaging all the members in the work, in one way or the other. They also used to take pride in the nature of their work. There was no division of labour and also no problem of distribution or consumption. The producer himself was the distributor. Where an employer engaged others to do work for him, iron law of wages was applied.
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