At the beginning of the recording, New York State Board of Mediation labor mediator Julius Manson remarks on the upcoming luncheons and introduces President of the American Arbitration Association Donald Straus, who begins his address at 3:58. Straus discusses the concept of continuous bargaining, for which the American Arbitration Association has formed a labor management institute, and its application to the problems of job security, new processes, and automation. At 31:55, the floor is opened for questions, the topics of which include: avoiding crisis bargaining, problems with continuous bargaining, and issues of public disclosure. Dr. Manson concludes the event at 56:10.