The Economy: Trying to Earn Enough

Last week Teamsters Local 282 in New York City negotiated a rich new contract that calls for a $57.60 weekly wage raise over the next two years.

The pay of drivers of sand, cement and gravel trucks will rise to $266.80 for a 40-hour week by July 1971; on top of that, fringe benefits will go up $44.40. The benefits include a pension plan that allows a Teamster to retire on $400 a month after 20 years of driving, whatever his age.

Lavish as it is, the most striking thing about the Teamsters' contract...

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