Word: settlements
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Dates: during 1960-1969
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President Johnson last week called the settlement terms of the New York transit strike "disturbing" and "inflationary." He cited the national wage-price guideline of 3.2% and noted, accurately, that the New York contract exceeds the figure by a sizeable amount...
Second, it is far from clear that the settlement was "inflationary" in the national context (presumably the President would not bother about it in any other context). The subway system is certainly not a key industry in the sense that steel or aluminum is. And the underlying assumption of the wage-price guideline is that excessive wage or price increases in key industries have an inflationary impact on the American economy. How great, really, is the danger that an "excessive" transit settlement in New York will transmit inflation to the economy as a whole...
...President's remarks did nothing to improve the New York settlement, and they further obscured the basic questions which are beginning to be asked on all sides about the guidelines system. In fact, the sole result of his statement was to add yet another irritant to a situation already quite irritating enough...
Dunlop said that a wide variety of arrangements are now being used throughout the country to deal with strikes by public employees. In Boston, the Transit Authority has an agreement with the union that if the two are unable to reach a settlement, they will submit the dispute to arbitration...
According to Gunness, publicity directed toward both the schools and possible applicants for the program will be conducted mainly through "feelers into the community and by word of mouth through public and private agencies." He mentioned settlement houses, social workers, and guidance counselors as primary sources through which to find applicants...