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April, 1985, Vol. 108, No. 4
Major agreements in 1984 provide
record low wage increases
James R. Conley
Economist, Office of Wage and Industrial Relations, Bureau of Labor Statistics
A substantial portion of workers had their wages frozen or reduced; and specified increases were the smallest since the bargaining series began in 1968, reflecting both management's desire to hold down labor costs and workers' concern over job security.
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