LABOR: Rule of Reason

The new reasonableness of labor was tested for the first time last week. In Pittsburgh, C.I.O. President Phil Murray, who is also head of the United Steelworkers, agreed to extend the steelworkers' present contract with U.S. Steel Corp. from Feb. 15 to April 30. With any threat of a steel strike postponed, Congress was less likely to rush restrictive labor laws. Meantime, also, management might find where it stood in the "portal-to-portal" pay controversy (see BUSINESS). The same day, the United Auto Workers' Walter Reuther made a similar 30-day deal with Chrysler....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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