CONTENTS 
CHAPTER 
I—INTRODUCTION . . 
The New Industrial Revolution . 
Sanctions. Sources and Problems 
> 
-~PRE-WAR PRINCIPLES AND METHODS . . . . 
The So-Called “Law” of Supply and Demand . . . 
Free Play of Supply and Demand Offset by Organi- 
4:14 Us) + KE 
Mediation and Arbitration Unaffected by Fundamental 
Principles « « » « = 9 + « + + » » & 
Cost of Living as a Factor in Wage-Fixing . . . . 
Standardization of Occupations and Rates of Pay . . 
Practical Results . . . . . . . . . 
New Principles Advocated . . . . 
The “Subsistence Minimum” . . . . vo 
The Results of Budgetary Studies. . . . . . 
Minimum Requirements and Prevailing Wages . 
Basic Standards Developed . . . . . . . . 
Labor Officially Declared Not to Be a Commodity 
The Standard of “Health and Modest Comfort” 
The Seattle and San Francisco Awards, 1917 . 
The Packing House Award . . . . . . . . . 
Subsistence and Minimum Standards Compared . . 
The Theory of Increased Productive Efficiency . . . 
The Situation When We Entered the World War . . 
—TuE WAR PERIOD—AN INTERREGNUM . . . 
Necessary Control of Capital and Labor . . . . . 
Cost-of-Living Method of Wage Adjustment Adopted 
Budgetary and Cost-of-Living Investigations . . . . 
Standardization of Rates of Pay . . . ve 
The “Living Wage” . . . . . 
The Effects of the War . 
~-PosT-WAR CONFLICT AND RECONSTRUCTION 
Progressive Opinion and Constructive Industrial 
Statesmanship . . . . . . . . . . . . 
Reversion to Industrial Conflict. . . . . . . . . 
Wage Adjustments of Mineworkers and Railway 
Employees. « « + « « « « « vv « + 
The “Health and Decency” Budget of the United 
States Department of Labor . . . . . . . 
Official Sanctions of the Cost-of-Living and Living- 
Wage Principles Co 
PAGE 
» 
9 
I 
/ 
3) 
hYA 
10 
42 
42 
42 
LA 
43 
7 
50 
53 
53 
55 
57 
S8 
62