
The Kelso Plan
The Kelso Plan was a set of principles introduced in the 1960s aimed at improving labor-management relationships in the U.S. steel industry. It encouraged cooperation by fostering joint decision-making on issues like working conditions and productivity, rather than confrontational bargaining. The goal was to enhance industry efficiency and worker satisfaction through mutual understanding, shared goals, and open communication. Essentially, it promoted collaboration and trust between workers and management to benefit both sides, helping stabilize the industry and improve economic stability.