Abstract :
COLLECTIVE BARGAINING, as carried on by labor unions with employers, has two principal aspects. In the first place, it is a method of price-making — making the price of labor. In the second place, it is a method of introducing civil rights into industry, that is, of requiring that management be conducted by rule rather than by arbitrary decision. In this latter aspect, collective bargaining becomes a method of building up a system of “industrial jurisprudence.”
