This edition: Labor and Management
The International Ladies Garment Workers' Union (ILGWU) strike in the early 1900s was inspired by poor working conditions and low wages. In 1984, Congress bailed out the Chrysler Auto company after Chairman Lee Iaccoca and Douglas Fraser, chief of the United Auto Workers, came to an agreement. Why does Walmart choose low prices over high wages, and how do they get away with it? These stories show how labor unions and corporate managers battle to affect the supply of labor, wages, and prices.