Emil Lederer · 1920
This recorded speaking turn clarifies a distinction between profit and an enterprise’s total proceeds. Lederer locates the relevant economic basis in the overall yield of the undertaking employing the people under discussion:
Nicht in dem Sinne, der heute Gewinn bedeutet, sondern vom Gesamtertrag des Werkes, in das sie eingestellt sind.
English translation: Not in the sense of what constitutes profit today, but from the total proceeds of the enterprise in which they are employed.
The distinction matters because profit and total proceeds imply different bases of calculation. The extract does not identify these people or specify what would be calculated; it supports this clarification, but no broader reconstruction of Lederer’s proposal.
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