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Bluefield Daily Telegraph in Bluefield, West Virginia

03 Dec 1978

Page 5

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Bluefield Daily Telegraph December 3, 1978 Page 5 old newspaper archives

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Newspaper

Bluefield Daily Telegraph

Location

Bluefield, West Virginia, United States of America

Date

Dec 03, 1978

Page

5

Productivity and inflation czar chart new council at White House

Washington reports on Bob Strauss as inflation czar forming a cabinet level productivity council with 10 agencies. Grayson, Nixon's inflation czar, urged the move to lift productivity as a key to fighting inflation. The piece traces postwar productivity gains, the slowdown since 1967, and debates over rising living standards, wages, and job shifts amid economic change.

MENTIONED IN THIS ARTICLE

Washington Bob Strauss Jack Grayson Nixon Grayson Price Commission Strauss Council On Productivity Council Council of Economic Advisers United States Allan Murray Citibank New York Solomon Fabricant National Bureau of Economic Research
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Productivity and Policy Slowdown Still Pressuring Wages in 1970s

The discussion links a pre 1966 farm shift to a 12 percent productivity gain, then notes recessions in 1969 and 1974 reducing output per worker. It cites Denison on pollution and safety laws costing billions, with potential 1 percent and 0.4 percent productivity losses in 1975. The piece covers environmental spending vs equipment, patent trends, and wage-price dynamics under a sluggish productivity outlook.

MENTIONED IN THIS ARTICLE

Edward Denison Brookings Institution Denison U.S Council On Federal Reserve
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Also Mentioned on This Page

Howard Young United Automobile Workers Union Edgar Weinberg National Center For Productivity Jerome Rosen Exxon Corp Work In America Institute Rosen Eeeeee William Miller Triggee Bureau of Labor Statistics New Productivity Council Houston Office of Management and Budget OMB RCA Elesin RCA ‘Actory Ack Magic Bluefield Virginia Bluefield Brian Lee Showalter Athens W Va Lawrence Pete) Showalter Larry Gary Patty Renny Randy Clinch Valley Pediatrics Seville Beckley Welch Wva University Blacksburg Lees Carper Spring & College Bluefield Virginia Fritz Grey Tan
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