Labor: A Common Thread of Trouble

Detroit's unexpected labor turmoil this year has had an unreal, occasionally downright unbelievable quality right from the start — but last week it turned into a full-fledged nightmare for the U.S. economy. As the United Auto Workers' strike against Ford entered its second senseless week, it seemed certain that some, and perhaps much, of the damage to the economy will be lasting.

Any chance that the auto industry might top 8,000,000 units for calendar 1964, said Ward's Automotive Reports, "has been K.O.d." The industry has al ready had one of its worst introduction...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!