Well-financed efforts to change the U.S. Railway Labor Act are gaining favor in Washington. Legislation to require "baseball-style arbitration," in which a third party would choose labor's or management's last and best offer, has appealing aspects. Unfortunately, best-offer arbitration would be bad public policy. The RLA, the U.S.' oldest labor law, was enacted in 1926. It covers only two industries, airlines and railroads. A distinctive feature is that it allows the President to order ...

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