National Affairs: Noninflationary Demands

"This is the great spellbinder," said Michigan's Governor "Soapy" Williams as he defended United Auto Workers' President Walter Philip Reuther to a U.A.W. national convention in Detroit last week. But this time Reuther wove no spell of oratorical magic. What he did do was get 3,200 U.A.W. delegates to approve his 1958 set of demands for the auto industry's contract negotiations opening early in April. Items as approved:

¶ A "noninflationary" profit-sharing plan; under this, all company profits (before taxes ) in excess of 10% of capital invested would be sliced up to give 25% to employees (other than executives)...

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