viii 
CONTENTS 
CHAPTER 
National Industrial Conference Board . 
Henry H. Williams . . : 
N.IL Stone. . . . . . 
Frank Tracy Carlton . . 
J. Noble Stockett, Jr. . . 
Justice Louis D. Brandeis 
William Hesketh Lever . 
William H. Johnston . , 
William Green . . . . . . . . . . 
American Federation of Labor Convention . 
Labor's Modern Wage Policy . . . . . . 
The Practical Evolution of the Theory . . . 
Specific Precedents Established . . . . . . . . . 
Amalgamated Clothing Workers Pioneers in Develop- 
ing Productive Efficiency . . . . . . . 
The “B. & O. Plan” . . . . . . . «+. « . .. 
Mitten Management and Its Agreement With Or- 
ganized Labor . . . . . . . . . . . . 
Practical Effects in Basic Industries . . . . . . . 
Comparison of Use of Power and Relative Employee- 
Productivity in Great Britain and the United 
States +. + ve 4 ee eee eee 
The Present Situation as to Wage Fixation . . . . 
. 
. 
3 
IX—INCREASED CONSUMPTION AND. PROSPERITY Ac- 
CEPTED AS AN OUTGROWTH OF Lower 
Costs AND HiGHER WAGES eee 
Purchasing Power or Consumption Urged as the 
Dominant Factor in Progress . . . . . . 
The Essence of the New Industrial Order . . . . . 
X—THE REAL SIGNIFICANCE oF THE NEw INDUS- 
TRIAL REVOLUTION, AND THE CONDITIONS 
oF FUTURE PROGRESS . . . 
Causes of Increased Industrial Efficiency . . . . . 
The Twentieth Century Industrial Revolution . . . 
Problems and Conditions Which Have Been Developed 
The Vital Problems . . . . . . 
The Unemployment Menace . . . . 
Displacements and Unemployment . 
XI—CoNSTRUCTIVE REMEDIES NEEDED - 
Constructive Measures Proposed . . .-. . . . . 
Unemployment Insurance Immediately Necessary . . 
“Profitless Prosperity” . . . +. . « «+ . + . . . 
Agencies for Industrial Coordination Advocated . . 
A Practical Constructive Procedure . . . . . 
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