8. What is meant by the elimination of the automatic labor cost pass-through? How did labor–management relations change in the 1980s? Give some examples. Why was the period between 1982 and 1985 so difficult from labor’s standpoint? Discuss some of the bargaining objectives of management during this period. How did things change during the mid-1980s? What is the purpose of profit sharing and/or employee ownership? Describe the labor–management environment during the 1990s and early 2000s.

Summarize the objectives of management and labor in recent years.