LABOR: To the Bitter End

The longest and nastiest major U.S. industrial dispute in two decades came to an end last week. From both the 44,000 International Electrical Workers and Westinghouse, who had battled for 156 days, came boasts of triumph. Actually, both had lost. The union dropped its insistence on a one-year contract and gave Westinghouse the five-year agreement it demanded to make itself competitive with General Electric, which has a similar contract. But the union can reopen the contract and strike for wage increases after one year.

On wages, Westinghouse's original offer of five months ago...