ABSTRACT
Something very much like it is today a near-reality in those union contracts providing for Supplementary Unemployment Compensation, for organized re-training, or for a systematic balancing of the number of employees against technological changes in the industry. Similarly, to relate wages to the cost of living and to productivity seemed a naive thought then; it became reality in the automobile industry contracts only a short time after the book was published. Another area where predicted events then considered most unlikely to happen have become reality is in our understanding that mere legal title cannot begin to solve the basic problems of an industrial society. Management's grounds for authority need to be clearly defined, for modern industrial society will only operate properly if management is seen as a central but limited organ.
