Business: Problems of Peace

Peace finally came to the auto industry last week. Less than twelve hours after 300,000 General Motors production men walked out, G.M. signed a three-year contract with the United Auto Workers. As expected, it was about the same as the pact between the U.A.W. and Ford (TIME, Sept. 29), a package of about 28¢ per hour in wage increases and fringe benefits. But there were some important differences. The U.A.W. won G.M.'s pledge to narrow differentials in wages between workers doing the same job in different G.M. plants, which, the U.A.W. says, now...

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