Business: Guidelines Face a Rough Ride

Their fate may hang on the Teamsters' wage talks

Amid all the alarm over multiplying profits and double-digit inflation, the White House is facing what could be a make-or-break challenge to its Stage II efforts to restrain union pay demands. The crunch will come in its attempt to hold the critical Teamsters contract settlement within the Administration's "voluntary" guideline limits of 7% a year in wage and benefit increases. On the 13th floor of a hotel overlooking Arlington National Cemetery, union and management negotiators have been bargaining in earnest for more than a week to shape a new master...

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