But it asks the employers to consider carefully what they are fighting for, and whether they will not lose far more from a defeat than they will gain from a successful defense.

And it asks the unions to consider whether a victory, gained at the expense of labor-efficiency, will not deprive them of its fruits.

Let the unions fight for something they can keep; and let the employers fight for something they will not be sure to lose.
The writer is fully aware of the many difficulties attending the practical application of any such policy.

Indeed it could not be worked at all, unless the spirit and methods of collective bargaining between the employers and the labor organizations were very much improved.

The consequences of a strike would be extremely serious for both of the disputants and for the consumers.