This work falls naturally into two almost equal parts: the first an account of the present industrial situation in the United States, and of the factors which govern American wage levels at the present time; the second an attempt to formulate principles which might serve as the basis of a policy of wage settlement for the country. The proposals made in the second part are based on the theoretical analysis of the first part.
ely to be important for industrial peace. Hardly considered in this book. The question has been presented to the Kansas Court of Industrial Relations.
§ 5. Certain new ideas concerning industrial relationship have come to stay. They indicate the probable current of future change.
Section 1. In any attempt to formulate principles for use in the settlement of wage disputes, past experience furnishes much guidance. What this experience consists of.--Section 2. Such principles as have been used in the settlement of wage disputes have usually resulted from compromise; reason and economic analysis have usually been secondary factors. However, industrial peace cannot be secured by a recurrent use of expedients.--Section 3. The attitude most favorable to industrial peace.
1.--The industrial life of the United States is marked by an almost continuous se