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Edward J. Wasilewski
Economist, Division of Developments in
Labor-Management Relations, Bureau of Labor Statistics
Nearly two-fifths of workers covered by major collective bargaining agreements were under new pacts in 1993. Their wage gains should put little pressure on labor costs. This article describes changes negotiated in private collective bargaining agreements in 1993, including negotiated wage changes, lump-sum payments, and other characteristics of the settlements.
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