Business: Wages of Clout

Teamsters crack guidelines

The big long-distance rigs were barreling along U.S. highways last week in near normal numbers. The powerful Teamsters union and the trucking industry had agreed on a new master contract, ending a ten-day strike and lockout that drastically curtailed transportation of goods and threatened many manufacturing industries. In all, the union and the industry estimate that the contract will give 270,000 drivers and warehouse workers an increase of more than 30% in wages and fringe benefits over three years. That is well above the Carter Administration's wage-guideline limit of 7% a year. But the Council on Wage and Price...

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