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ability to pay ability-to-pay agreement annual improvement factor arbitration auto average bargaining area basis benefits Collective Bargaining Report comparisons standard competitive complex consumer Consumer Price Index contract cost of living cost-of-living escalator creases criteria determination of wages dustries economic economists effect employer employment escalator clauses established Family Budget firm or industry higher wages impact incentive plans income indus inflation inflationary influence justify justments key bargain Labor Albany labor cost labor market labor scarcity long-run major measurement ment Motors Corporation negotiations nomic pattern-setting pensions Price Index problem productiv productivity wage profits purchasing power Relations relationship relatively skilled standard of living sumer theory tion union and management union leaders United Automobile Workers United Steelworkers University of California usually wage adjustments wage boosts wage changes wage determination wage increases wage level wage pattern wage policy wage rates wage standards wage structure Walter Reuther York University