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S. During the recent contract negotiations one of the important issues for labor's position in bargaining for wage increases, along with keeping the health & welfare contributions to a minimum, was the argument that the Class I Railroads have been making record profits and it would be fair and equitable to share some of that wealth with the men and women who actually do the work. I wanted to see if the numbers supported that conclusion.
In 1981, when the Staggers Act became law, the railroads were no longer regulated for commerce purposes. They no longer needed the Interstate Commerce Commissions approval for rate increases...
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