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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
May 07, 1948
Page
4
The argument explores raising wages to match last year’s profits and predicts profits would return to industry if prices hold. It notes workers spending saved money would revive demand, while warns against profits-led layoffs in shoes. It calls for price controls to sustain a peaceful living standard.
At a Washington hearing before the Federal Power Commission the Ohio CIO Council opposed curtailment of natural gas for the state. Jacob Clayman argued that last winter gas shortages cost Ohio CIO workers an estimated 25 to 30 million dollars in lost wages as plants shut to preserve gas for home heating, warning of similar losses next winter if supply is cut.
In 1866 the Sons of Vulcan, a union of iron puddlers, won the first national agreement with management adopting a sliding wage scale. The deal established a precedent for wage variation by skilled level and date of work.
The Bureau of Labor Statistics reports the consumer price index on March 15 at 170 percent of the 1935 39 average, signaling elevated living costs.
The Supreme Court on May 3, 1948, enforced a key civil rights provision ensuring equal property rights by striking down restrictive covenants that barred minorities from buying or selling homes. The ruling frames housing equality as essential to democracy, noting ghettoes and segregation harms across cities like Baltimore Harlem Chicago and San Francisco.
Analysts warn that without a price control act from Congress prices will surge again in late summer or fall. With billions in Marshall Plan expenditures and military preparedness costs, controlling prices is seen as essential to prevent further inflation.
President Murray denounces U S Steel for claiming price cuts while raising prices in February. He notes the company earned over 28 million dollars from a price increase, six times the claimed savings. A price control act is urged to shield workers from rising costs and stagnant wages.
The group led by Richard N. Bluestein aims to foster fellowship across groups and test racial, religious, and ethnic understanding. A committee headed by Mrs. Carl E. Pritz seeks a temporary downtown site while officers include Mrs. Edward Alexander Mrs. L. L. Hubbard William Harold Anson and others. A fellowship training course led by Marshall Bragdon began April 20 to promote friendly relations.
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