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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Jun 12, 1955
Page
4
In Chicago on June 11, four West Virginia students were awarded degrees among 701 graduates. Frederick L. Tomblin earned a doctor of law, Virgil E. Matthews a doctor of philosophy in chemistry, David H. Cleland a master of social service administration, and Eloise McGhee Van Horn a bachelor of arts.
Secretary Weeks said new wage increases in government and industry could translate into modest price rises and noted the Ford CIO UAW contract adds to unemployment benefits for laid off workers. He argued a hard guaranteed wage is impractical and warned overloading the economy with benefits could harm growth.
The administration signals that higher labor costs must eventually push up prices to keep industries profitable and taxable, arguing that cost increases will be reflected in consumer prices to preserve the economy and government revenue.
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