Labor unions pivot from public power to free enterprise
The New York Times reports Frank W. Jacobs of the IBEW repudiating government electric power and backing private ownership. Chicago Federation of Labor also rejects public ownership, arguing for free enterprise from top to bottom. The piece argues labor and management share freedom and warns socialism harms free labor.
MENTIONED IN THIS ARTICLE
The
New York Times
Frank W. Jacobs
International Brotherhood of Electrical Workers
Chicago Federation of Labor
Call a Halt Retailers Demand Tax Waste Stop
The nationwide retailers group adopts resolutions urging government tax restraint and halting nonessential spending. They argue higher revenues failed to strengthen defense and warn that continued waste could imperil the nation's security and economic health. They urge action by retailers through group efforts and personal responsibility.
Wages Up But Profits Remain Pressured Says Chamber Leader
The U.S. Chamber president argues wage gains since the Korean War have outpaced price inflation, with hourly manufacturing wages rising faster than prices while after tax corporate profits stay near 1946 lows. He warns profits alone cannot fund higher wages and asserts rising wages push prices higher. He cites wage payments up about 65 billion since 1945 versus about 17 billion in after tax profits, challenging labor leaders who claim wages can rise without consumer price increases.
Also Mentioned on This Page
Denton Journal
Melvin & Johnson
Benjamin F. Johnson
Mary Melvin
Market Street
Denton
Maryland
Caroline County
Police
Lamison’s Beauty Shoppe
Gustav Good
Methodist Brick Church
Mike Malott
Television & Radio Service
Perth
Chamber of Commerce
Easton
Talbot County
Everngam
Fverngam’s Denton
Ers Ean
Ainge Ds
Terestre
STATI
Southern States Farmers’ Supply Cooperative, Fine
Chamber of Commerce of the
United States
Denton National Bank
Federal Reserve Syston
Horn Atte
Lil
Hlye
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