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Nixon signals possible action to curb construction inflation
President Nixon declined to use wage price controls but indicated he would act if voluntary restraints fail in the construction sector. A plan under consideration calls for a temporary wage price and profit freeze until a voluntary industry agreement is reached. Muskie urged a wage price advisory board to limit all compensation and incomes, while Hodgson met unions to push a voluntary plan. AFL CIO, building trades warn of court action to block a freeze.
MENTIONED IN THIS ARTICLE
Miami Beach
UPI
Edmund S. Muskie
Maine
Nixon
Muskie
Afl-Cio Executive Council
Congress
Washington
James D. Hodgson
Aflcio Executive Council
Hodgson
Afl-Cio
George Meany
Federation