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Lisa Williamson and Phyllis Brown
Economists, Division of Developments in
Labor-Management Relations, Bureau of Labor Statistics
For the third consecutive year, average wage and compensation changes were less than those negotiated in contracts that were replaced. The modest gains occurred despite a generally robust economy in 1994. This article describes changes negotiated in private collective bargaining agreements in 1994, including negotiated wage changes, back-loaded contracts, and other characteristics of the settlements.
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