Excerpt from Labour and Industry in 1913
The present position in regard to industrial affairs and the relations of employers and employed is governed by two outstanding facts. One is the good state of trade now prevailing; the other is the reaction following a series of industrial conflicts on a large scale. The two interact in various ways, and combine to produce a state of comparative tranquillity. The word "comparative" needs no emphasis, but perhaps some explanation. It does not mean that a state of stable peace and harmony has been reached in any quarter, or that the area of strife is lessened. Very far from it.
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