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Labor negotiator predicts wage stays high despite unemployment
William J. Usery Jr. said unions will not cut wage demands amid unemployment and will press for more job security. He noted workers’ purchasing power fell 6.2 percent in November and cited a oil workers union deal for a 26 percent two year wage hike as typical of expected settlements.
MENTIONED IN THIS ARTICLE
San Francisco
William J. Usery Jr
Federal Mediation and Conciliation Service
Commonwealth Club
Usery
Oil Workers’ Union