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Aluminum Pay Price Hikes Draw Nixon Disapproval
AP report details United Steelworkers wage settlement covering 32,000 aluminum workers with over 31 percent raises across three years and an aluminum company price increase of about 5 percent starting Sept. 1, prompting White House concern about inflation and wage restraint amid looming copper and steel negotiations. The piece also notes Penn Central selling park avenue assets, and mixed signals on consumer debt, factory orders, and capital spending in 1971.
MENTIONED IN THIS ARTICLE
Linda Rubey
New York
United Steelworkers of America
Tabor
Aluminum
Aluminum Company of America
al. Coa
White House
Ronald L. Ziegler
Nixon
Penn Central Railroad
Park Avenue
New York City
Grand Central Station
Railroad
Pan Am
Congress
Penn Central
Federal Reserve Board
Commerce Department
Securities & Exchange Commission
U.S
President's Council of Economics Advisers