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Concrete Concerns

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A deal to avert a concrete workers strike was reached late last night, but not everyone got to air their issues at the negotiating table. Real Estate Board of New York president Steven Spinola tells Crain's the deal?which calls for a wage increase of 8 percent over three years and a 20 percent wage reduction for 16-or-fewer-story hotels and residential buildings?isn't good enough for developers. "“From what I know, it doesn't sound like they've made any progress towards encouraging developers to not consider nonunion work?If they're basically giving a break for buildings under 16 stories, well, they've already lost that business." But the union rat will have plenty of work. [Crain's]