Business: The High Price of Peace in Detroit

WHEN the biggest and costliest strike in more than a decade ended last week, neither side was particularly overjoyed by the outcome. After 58 days of standoff, leaders of the United Auto Workers and General Motors agreed on a new contract that the company says is inflationary. The union's hefty wage gain was less than the auto workers had hoped for, but they got more in fringe benefits than the U.A.W. leadership could have expected. If the strikers ratify the national contract this week, as is likely, and some sticky local issues are settled...

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