Labor: Costly from Any Point of View

In the days leading up to the in evitable strike, the auto industry seemed to have only business-as-usual on its mind. The Ford Motor Co., which United Auto Workers President Walter Reuther had singled out as his initial strike target, was showing no interest in round-the-clock bargaining. At General Motors, where the threat of a strike was not so immediate, officials cheerfully predicted 1968-model sales of over 9,000,000 cars, up from an estimated 8,600,000 during the current model year. And throughout the industry, automakers went about introducing their new models (see following...

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