Wage boosts urged by labor meet cool industry reception
President Truman backed substantial general wage increases to aid labor campaigns, but big industrial leaders scoff at keeping prices steady. The Wall Street Journal notes employers doubt the feasibility, with replies ranging from it can't be done to we have done all we could. An oil refiner offered cautious optimism and a camera maker gave a qualified endorsement.
MENTIONED IN THIS ARTICLE
New York
Pres. Truman
Wall Street Journal
Financial
Truman Clarifies His Position on Wage Increases
President Truman explained at a press conference that he favors individual case wage increases tied to collective bargaining rather than an overall rate. He cited an executive order linking increases to the ratio of average earnings to cost of living since 1941.
MENTIONED IN THIS ARTICLE
Harry S. Truman
Truman Stand Pleases Labor
Labor leaders applaud President Truman's wage policy announced Oct 30. AFL President William Green and AFL official George Meany call it sound and constructive. Teamsters leader Dan Tobin notes workers who never earned wartime wages are forgotten. CIO backs Truman, while Intl. Rep. Neil Brandt urges substantial wage increases without price hikes to protect the economy.
MENTIONED IN THIS ARTICLE
AFL
William Green
Treas
George Meany
Dan Tobin
The
Teamsters Union
CIO
Truman
Neil Brandt
United Electrical Radio & Machine Workers
Truman Signals Compromise on Full Employment Bill
President Truman urges urgent passage of full employment legislation while suggesting a compromise may be needed. In a letter to the House read by John McCormack he says the Murray-Patman bill may be impossible and speaks generally about the aims of full employment policy.
MENTIONED IN THIS ARTICLE
General Motors
Washington
Harry Truman
House
John McCormack
D. Mass
Truman
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