Public views diverge on price and wage controls
Survey shows many see excessive price hikes but insufficient wage increases under the Price Commission and Pay Board. Meany resignation sparks debate on equity. 33 percent of union leaders say too many price raises, 3 percent too few.
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Price chief in Southland warns on food price rise
Grayson head of the federal Price Commission presses businessmen in Los Angeles area to curb inflation while hedging on new price controls. He cites official analyses showing inflation near 3.5 to 4 percent, notes food prices rising and vows to study steps next week. warns of continued inflation and possible economic strain if controls fail.
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