Chapter Vi--Wages and Price Movements (_continued_) 106

§ 1. The problems of wage settlement arising out of upward price movements two in number: (a) Should wages be increased during such periods? (b) If so, on what basis should increases be arranged? The doctrine of the maintenance of the standard of life analyzed.

§ 2. An alternative method of adjustment proposed, based on a new index number.

§ 3. Periods of falling prices also present two problems of wage settlement, similar in essentials to those presented by upward movement. These problems discussed.