a share of the monopolistic spoils. Arbitrators, then,
whenever a strike is pending, may divide the spoils as a strike would
do, between masters and men. This will leave a few workers in
possession of a rich field and many hungry ones outside of it; and we
have asserted that the board should confirm the workmen's tenure of
place on the sole condition that they accept a rate of pay which it
shall authorize. In this case the arbitrators authorize a high rate,
while needy men stand ready to take a lower one. They confirm wages
based on the profits of monopoly, but look to the state as the power
which will get them out of their anomalous position, by making an end
of monopoly.

_Why Sharing a "Grab" already made is not an Aggravation of the
Evil._--While plunder is to be had, it is at least by one point fairer
that workers should have a share of it than that employers should have
it all. We have said that the court of arbitration finds two issues
needing settlement, namely, the relation of employers and employed
within the business, and that of laborers outside of this department
of industry to those within it. Only one of these issues is it capable
of settling, and it is by a true instinct and not merely from
expediency that arbitrators permit workmen to share in some degree the
gains of the monopoly that employs them. This is legitimate, however,
only on the condition that, by further measures, the gains of monopoly
be reduced.

_How Arbitration will be facilitated by the Suppression of
Monopolies._--In studying monopolies we discovered that the prices of
their goods do not entirely part company with their natural standards,
even when governments do not at all interfere with them. Potential
competition keeps these prices from rising above the standard of cost
by more than a certain margin. We shall see that if governments do
nothing in the way of controlling the contests over wages, the rates
that these yield will not be wholly unnatural. They will be held
within a certain distance from the standards. If too high wages are
exacted, the barriers will be broken down and competing laborers will
come into the favored fields. The potential competition of idle men
hangs as a menace over the heads of the too exacting trade unionists,
and enforces a measure of prudence in the wages demanded. If the
unions ask too much and strike in order to get it, the competition
which is now latent will become active, other men will take the