Sec. 1. The remainder of the book will consist of an attempt to
mark out principles of wage settlement that could be applied
with relative peace and satisfaction in the settlement of
wage disputes.
Sec. 2. Some preliminary notes on the subsequent exposition.
The question of the political machinery required to put any
policy of wage settlement into effect, avoided on the whole.
Sec. 3. The principle of wage standardization defined and
explained.
Sec. 4. The characteristics of the standard wage examined.
Sec. 5. The effect of the standard wage on individual
independence and initiative.
Sec. 6. The effect of the standard wage on the distribution of
employment within the group.
Sec. 7. Its effect upon industrial organization, prices, and
managerial ability.
Sec. 8. Its effect upon the output of the wage earners. This
question cannot be satisfactorily discussed apart from the
larger one--that of the effect of unionism upon production.
Sec. 9. Wage standardization and the "rate of turnover" of
labor.