Business: Bad News from Big Labor

Carter's anti-inflation tactics stir grumblings by union chiefs

In fighting inflation, everybody has to do his share. Government must curb spending, companies must hold down prices, unions must settle for smaller pay increases. That, in brief, is Jimmy Carter's three-sided strategy. For the past two months, the White House has been lecturing Congress on spending and badgering business to put a lid on prices. Last week it was labor's turn in the spotlight, and the results were not encouraging.

Wage talks moved into the hard-bargaining phase for the U.S. Postal Service and its 570,000 mail carriers, sorters and other employees. Their three-year contract...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!