It happens, as though through some inadvertence, that in making a contract of the greatest possible moment, both parties seem to ignore absolutely certain very important elements. The contract is made as though sickness, accidents, invalidity and old age had been permanently banished from the earth. The daily wage is sufficient only for daily necessities; a man entitled to support for a lifetime unwittingly consents to a wage based upon a portion of that lifetime; for the competition in the field of labor is among the strong, the able-bodied, the efficient; the sick, the maimed, the superannuated are necessarily excluded (p. 7).
(Typographical errors above are due to OCR software and don't occur in the book.)
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