LABOR: Lifetime Security in Steel?

In an era of high wages and high unemployment, American workers generally worry far less about the size of their paychecks than about whether those checks will keep coming. Responding to that anxiety, union leaders are putting job security high on their bargaining agenda—and last week I.W. Abel, president of the United Steelworkers, decided to go all the way. At Washington's Shoreham Americana Hotel, he opened his last round of contract talks in basic steel (he is 68 and will retire in June). As militant Steelworkers, fearful of a sellout to the industry, picketed outside, Abel announced that the...

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