Word: auto
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Troy cites the example of the United Auto Workers, which came close to splitting into two unions in the late 1950s because of this levelling effect. Ultimately, the more skilled workers gained the right to veto power over any collective bargaining pact--a necessary, but not necessarily democratic, move if meritocracy was to remain in the auto industry...
...industries have been whipsawed by stop-and-go shopping as severely as U.S. automakers. Despite a surge in July, their sales for the model year that ended in September totaled just 12.5 million units, the lowest level since 1983. With domestic auto plants now running at an average of just 65% of capacity, Detroit claims that no car-makers -- not even the Japanese -- are operating profitably...
Workers in District 65 of the United Auto Workers, who are largely Columbia office and support staff, staged a massive walkout at a main gate of the campus. They were demanding a wage increase and improved benefits...
...final crack-up came last spring when the New Jersey Supreme Court upheld a law that required insurers to give coverage to high-risk drivers. Allstate must now find companies to provide auto insurance and other types of policies for its nearly 500,000 New Jersey customers; that could take as long as five years...
...trend in which dozens of insurers have left New Jersey, Massachusetts, California and other states in disputes over rates. Most notably, Allstate's move could set the stage for a major showdown in California, where regulators plan to implement Proposition 103. That measure, which mandates a 20% rollback of auto and other insurance premiums, has been bottled up by legal challenges since voters approved...