Chapter II: Some Pertinent Aspects of the Present

Industrial Situation 8

Sec. 1. The chief aims of any policy of wage settlement for industrial peace defined--the chief tests to be passed. A knowledge of present industrial facts essential to the formulation of sound policy.

Sec. 2. The present economic position of the wage earners.

Sec. 3. Their relations to the other groups in industry. The acceptance of the practice of collective bargaining essential to any policy of wage settlement in the United States to-day. Trade unionism must prove itself fit for this responsibility, however.

Sec. 4. The economic position of capital in the present industrial order. Its service to production. The problems to which the accumulation of capital has given rise.

Sec. 5. The economic position of the directors of industry. Industrial control an attribute of ownership. Two important suppositions used in this book, concerning: a. The forms of industrial income; b. The possible spread of public ownership, and its consequences for a policy of wage settlement.