Business: Ripping Apart the Guidelines

After five months, the wage-price standards are in deep trouble

The Carter Administration's wage-price guidelines were beset by a tide of woe last week. While the nation's long-haul trucking slowed drastically, representatives of the industry and the striking Teamsters remained unable to agree on a new contract that came near to meeting the Government's "voluntary" limit of 7% in annual wage and benefit increases. At the same time, a walkout by United Airlines machinists, who are also seeking a guideline-busting settlement, grounded all flights of the U.S.'s largest air carrier and forced the layoff of more than 13,000 pilots, attendants and other...

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