The existing system has succeeded hitherto in effecting a progressive improvement in the standard of living, but the less said the better about its effects upon labor-quality and labor-efficiency.

In the long run it looks as if the improvement in the standard of living would be brought to an end by the accompanying inefficiency of labor.

At any rate the employers are now fighting for an illusory benefit; and because they are fighting for an illusory benefit they are enabling the unions to associate all sorts of dangerous conditions with their probable victory.

The proposed plan does not do away with the necessity of a fight.

The relations between labor and capital are such that only by fighting can they reach a better understanding.