The Wage Price Spiral and Labor's Real Standard
The piece argues wage rises trigger price hikes, hurting purchasing power. It warns inflation erodes living standards, urging labor to seek real wage value and price sanity rather than nominal gains. It cites postwar OPA issues and warns labor leaders against pushing bigger raises.
MENTIONED IN THIS ARTICLE
Jong Run
Who Pays For Air Transport
Business Week argues that airlines rely on subsidies from municipally funded airports and federal safety systems, urging airlines to bear more costs as the industry matures. The Rochester case prompts broader debate over fair cost sharing as airports expand for larger, more numerous flights.
MENTIONED IN THIS ARTICLE
Business Week
Rochester
New York
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