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...President astonished labor by opting for new federal laws "to deal with strikes which threaten irreparable damage to the national interest," a move clearly encouraged by the New York transit strike. Almost certainly that proposal will mean revisions in the Taft-Hartley Act, which has no teeth when it comes to dealing with walkouts by public employees, and gives the Government no legal leverage to stop a national strike once a mandatory 80-day cooling-off period has expired. On the other hand, Johnson promised to try again for repeal of Tart-Hartley's Section 14b, the celebrated "right...
...fumes had never smelled so good, nor had the rumble of the subways sounded so musical. The great New York City transit strike was over. Now came the financial reckoning. For the bankrupt New York City Transit Authority, the $52 million settlement-$16 million more than the 1963 package-was bad enough, but it was almost microscopic compared with the transit union's original demands of $680 million. The strikers received a 15% wage increase spread over two years and substantially improved fringe benefits, failed to get a requested 32-hour week and six weeks' vacation after...
Having done nothing to help end the New York City transit strike, President Johnson was on doubtful ground when he denounced the settlement as a violation of the Government's supposedly voluntary wage-price guidelines. Even more questionable was Labor Secretary Willard Wirtz's after-the-settlement attempt to blame beleaguered Republican Mayor John Lindsay for the guideline violation. The N.Y. Times described the remarks of Democrats Johnson and Wirtz as "blatantly political"-which of course they were. Yet even such editorial cavils served only to obscure some more basic questions-relating to the rather remarkable history...
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...
...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...