WAGES: Seeking A Pound of Flesh

American industry has been blessed lately with a rare interlude of labor peace. The average wage-and-benefit increase granted by big employers last year was 7.6%, compared with the Nixon Administration's 6.2% guideline, and latest figures on the number of days lost to strikes are the lowest since 1964. Now, however, union leaders and company negotiators are bracing for a rough year of bargaining. Last week Labor Secretary Peter Brennan, a former construction-union chieftain, gave a hint of the future. "Workers are entitled to a fair share of the spoils," he said. "Workers will be...

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