Word: chemicalsâ
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...expense of the consumer. The large unions in industries like trucking or construction have far more strength than the small, independent employers, who simply bow to wage demands, accept restrictive labor practices and pass on the increased costs to their customers. But many other industries?notably autos, steel and chemicals???run grave risks of losing markets when they kick prices up. Foreign automakers already build 15% of the cars that Americans buy. G.M.'s new Vega subcompact, which was designed to compete against the Volkswagen, had to be priced $211 higher than the Beetle. Other companies, similarly pressed, are shifting...
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