Labor: Tough on Shippers

The Atlantic and Gulf Coast dock strike was one of the longest and costliest in U.S. maritime history. It left 100,000 workers idle, including 62,000 striking longshoremen, cost $700 million and created dislocations, small or large, in almost every industry in the nation. Last week, after 33 days, the strike ended—but the settlement caused almost as much commotion and concern as the strike itself.

"Take It or Leave It." What disturbed the shippers, and some other businessmen too, was the heavy hand of Government in the final settlement. They fear that the settlement may form a pattern for several other...

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