Labor: The Third Party

In three U.S. industries last week the Government and the courts were an omnipresent third party in the process of "free collective bargaining." Items:

> In a third-floor room in Chicago's Union Station, representatives of the nation's major railroads and their 500,000 non-operating employees (clerks, telegraphers, etc.) nailed down final agreement on a 12¢-an-hour boost in wages and fringes —the package recommended by a presidential emergency board. Railroad negotiators argued bitterly against the 4.86% increase, pointing out that it was far larger than the 2½% wage raise that the Kennedy Administration...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!