The Economy: Strike Shock Waves


Either transit fares or real estate taxes seem sure to go up in San Francisco because of the costly settlement that ended New York City's twelve-day transit strike. Transit wages in the Golden Gate city are tied by contract formula to those in New York, highest in the nation. As a result, San Francisco's transit wage bill could rise by $572,000 a year next July 1 and by another $1,600,000 a year in 1967. Meeting that cost would require a 100 rise in realty taxes, from today's rate of $10.17 per $100 of valuation—or else an end to San...

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