iscussed. A method suggested.

Sec. 3. Would the principles of wage settlement worked out so
far, produce a fair profits return? An open question.

Sec. 4. The scope and form of any measure designed to assure
the desired distributive outcome can be discerned.

Sec. 5. The various steps in the formulation of such a measure
reviewed. A measure tentatively suggested.

Sec. 6. The difficulties of calculating wage changes called for
under the suggested measure.

Sec. 7. The chief practical weaknesses of the suggested measure
examined.

Sec. 8. It would be open to theoretical criticism also. The
alternatives even less satisfactory.

Chapter XIII--A Concept of Industrial Peace 264

Sec. 1. The hope for industrial peace in the United States.

Sec. 2. A policy of wage settlement composed out of the
principles already set forth.

Sec. 3. What results might be expected from the adoption of
these principles as a policy?

Sec. 4. The matter of economic security for the wage earners
likely to be important for industrial peace. Hardly
considered in this book. The question has been presented to
the Kansas Court of Industrial Relations.

Sec. 5. Certain new ideas concerning industrial relationship
have come to stay. They indicate the probable current of
future change.

THE SETTLEMENT OF WAGE DISPUTES

CHAPTER I--INTRODUCTORY

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 series of open struggles between the employers and wage
earners of its highly organized industries. No one defends these
struggles for their own sake. There is a general inclination, however,
to regard them as a necessary accompaniment of industrial activity and
change. It must not be supposed that all labor troubles are merely wage
controversies--that is to say, that they are all incidental to the
settlement of the wage incomes of the laborers. Many of th