Chapter Ii--Some Pertinent Aspects of the Present

Industrial Situation 8

§ 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.

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

§ 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.

§ 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.

§ 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.