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Wage policy report urges wage boosts to curb recession
A report for the Congress of Industrial Organizations argues wage increases aid labor and business and the nation. It notes buying power unchanged since mid-1946, prices down only modestly, and production slumping with unemployment rising. The 10 point plan calls for public works, tax cuts, repeal of Taft Hartley, higher unemployment and old age benefits, and higher minimum wages, plus government action to stimulate investment and housing.
MENTIONED IN THIS ARTICLE
Congress of Industrial Organizations
Robert R. Nathan Associates, Inc
Congress
Robert R. Nathan
Office of War Mobilization and Reconversion
War Production Board
National Income Division
Department of Commerce
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