On Variations in Compensation Losses with Changes in Wage Levels [Discussion]

This is a paper which many of our members may pass over lightly, if they read it at all, as a rather abstract mathematical discussion of theoretical problems. Thus its significance may be lost. It seems to me, however, that it is one of that type of papers referred to by President Tarbell in his opening address at the last meeting, which point the way to sounder practices in the business.