Chapter X--the Regulation of Wage Levels 209

§ 1. Why there must be in industry an ordered scheme of wage relationship between each and every group of wage earners. The limits of collective bargaining as a factor in industrial peace.

§ 2. In the beginning, the scheme must probably be based on an acceptance of existing wage "differentials." The reasons for this are of a practical kind.

§ 3. Any policy which planned to develop a scheme of wage relationships merely by maintaining existing differentials would be bound to fall to pieces in the end. The difficulties that would arise.

§ 4. Two principles proposed as the basis of the desired scheme of wage relationship. Their meaning as applied doctrines.

§ 5. These principles open to criticism both on practical and theoretical grounds. The chief criticisms examined and taken into account.

§ 6. Some notes on the best method of administering these principles. The necessity of avoiding political interference, if possible.