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Pay Cut Or Forgoing A Raise Debated In Inflation Fight
Washington AP reports economists debate whether workers should accept pay cuts or forgo raises to curb inflation. Henry Wallich of the Federal Reserve argues such sacrifices could reduce inflation, while unions oppose placing the burden on labor.
MENTIONED IN THIS ARTICLE
Washington
Henry C. Wallich
Federal Vserve Board
Semel
Wallich
Antony
Ipower Fia
Ile
Federal Reserve Bnard
Dormer
Richard
Nash
Nixon