The economic issue of distributing the gains from increased productivity has long been a vital one at almost every level of labor-management relations. Appropriate measures of productivity and of earnings, particularly at company and industry levels, are technical matters on which there is no...

Examines the relationship between productivity and living standards in the U.S. Measures of productivity; Expansion of employment; Marginal efficiency of labor; Capital investment and gross annual value of product per worker. (Abstract copyright EBSCO.)

Since the UAW-General Motors negotiations in 1948, wage escalator clauses have become quite common in collective agreements in the basic mass-production industries. Usually, such clauses have been accepted by managements as the price for long-term agreements. In recent months, however, there has...