LABOR: Autos Test an Eerie Peace

In a year when its economic policy generally has been lurching from failure to disaster, the Nixon Administration has been able to take solace from a positively eerie quiet on the labor front. Despite soaring inflation, despite ballooning corporate profits, the big unions have settled one by one for pay-and-benefit gains close to the Administration's 6.2% guideline—and so peacefully that man-days lost to strikes have been running at the lowest rate since 1964. Last week, however, negotiators began moving to the biggest test of whether this serenity can endure. Beaming in front of a brocade curtain in a Milwaukee...

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!