Trade Association Activities And the Law a Discussion of the Legal And Economic

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4. A standard International Arbitration Agreement form recommended for all contractual negotiations.
5. The agreement through mutual legislative negotiations for the in- troduction on May 1, 1921, of the 44-hour week, in the union-employing sections of the industry.
TRADE ASSOCIATIONS AND LABOR 145 6. Standard Cost of Living Readjustment Clause, recommended for local contracts.
7. Establishing joint committees to consider shop practices and the possibilities of greater standardization. " By far
... the most important effort to correlate the efforts of all factors in industry, including labor, to secure higher stand- ards of integrity and efficiency is the program for the or- ganization of the American Construction Council. Over two hundred trade associations producing materials for, or engaged in the construction industries have been invited to participate. Architects, engineers, contractors, material and equipment manufacturers and dealers, bond, insurance, and real estate in- terests, the construction departments of federal, state, and mu- nicipal governments, and -public utilities are all expected to unite in this movement.

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