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May 1988

Wage adjustments in contracts negotiated in private industry in 1987

John Lacombe, Fehmida R. Sleemi

Many of the measures were up slightly from the historic lows of last year; time will tell if this merely reflects the mix of industries reaching agreement, or if the declines that began in 1982 are reversing. The 2.1-percent average annual wage adjustment specified over the term of 1987 settlements was the same as in the contracts they replaced, which typically had been negotiated in 1984 or 1985.

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