1947—commonly known as the Taft-Hartley Act—where a court can impose an 80-day “cooling-off period” in

order to allow time for negotiations to proceed without the threat of a work stoppage. Federal mediators were

called in, and the two sides agreed to a deal in February 2015. The ultimate agreement allowed the new

technologies, but also kept wages, health, and pension benefits high for workers. In the past, presidential use

of the Taft-Hartley Act sometimes has made labor negotiations more bitter and argumentative but, in this case,

it seems to have smoothed the road to an agreement.

In other instances, unions have proved quite willing to adopt new technologies. In one prominent example,

during the 1950s and 1960s, the United Mineworkers union demanded that mining companies install labor-

saving machinery in the mines. The mineworkers’ union realized that over time, the new machines would
{"title": "Principles of Microeconomics 3e", "upload_timestamp": "2026-02-07T15:24:38.309401", "moddate": "2022-12-07T14:23:05-06:00", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "file_size_mb": 26.99, "uploaded_via": "batch_uploader", "file_type": ".pdf", "producer": "Prince 14.2 (www.princexml.com)", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "file_name": "Microeconomics3e.pdf", "batch_upload": true, "creationdate": "2022-12-07T14:15:44-06:00", "creator": "PDFMiner", "total_pages": 597}