Prof. Kochan addresses the future of collective bargaining and its implications for labor arbitration. He considers two questions about the future of collective bargaining: 1) How widespread will collective bargaining be and 2) will changes in the nature of collective bargaining alter the future role and prominence of grievance arbitration? He concludes that the trend is towards a slow erosion in the demand for arbitration. If innovative experiments expand, there will be a demand for alternative problem-solving, planning, and conflict-resolution services. Prof. Wachter remarks on the functioning of labor markets and the future demand for union workers.