Here the parties are unable to come together. After the most careful consideration I have come to the conclusion that the proposal put forth by the Association is both a fair and a reasonable compromise in the circumstances. My reasons may be shortly stated. In a diverse democracy our freedoms must, on occasion, adapt or even yield to embrace a principle or to accommodate a purpose that we have come to hold dear. This is such an occasion, and the Rand Formula, as we know it now, is such a purpose.
Fair play requires no less.
The Rand Formula is now part and parcel of the collective bargaining process, having earned, over the years, its titres de noblesse. It operates to balance the economic forces at play during collective bargaining. True, the University is not a commercial or industrial enterprise, factory or shop, and its lecture rooms, its laboratories, and its libraries are not offices or shop floors. On the other hand, the University is an employer, and its faculty and librarians are its employees. This is the inescapable status of the parties.