Labor: A Workers' Market

Union-shop steward, emerging from a meeting with management to face a group of workers: "Brothers, we've got it made. From now on, we will work only on Wednesdays."

Irritated voice from the crowd: "You mean EVERY Wednesday?"

This story is making the rounds in Western Europe—and a lot of businessmen choke a little as they laugh. Though things have not really reached that stage, the joke symbolizes the changing mood and manner of labor in many of the free world's industrial nations. In prospering northern Europe, in Australia and even in Japan, most of whose economies for centuries have been based on...

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