TITLE

Three Years of Peace in the Auto Industry

AUTHOR(S)
Lester, Richard A.
PUB. DATE
June 1955
SOURCE
New Republic;6/27/55, Vol. 132 Issue 26, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses acceptance of the guaranteed wage plan started by United Automobile Workers (UAW). The Ford and General Motors Corp. agreements represent a tremendous victory for the U.S. labor leader Walter Reuther and the UAW. Spread of negotiated lay-off benefits can, however, have serious effects on declining firms and industries and the smaller firms in an industry like auto. State unemployment-compensation laws, especially benefit levels, will undoubtedly be revised as the result of company wage guarantees. Also, the guarantee programs may have important long-run effects upon the unions themselves. The wage guarantee program will certainly have internal repercussions in the UAW.
ACCESSION #
14446416

 

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