Editorial: Steelworkers Wage Rise Stirs Inflation Debate
The United Steelworkers agreed on a three year contract boosting wages across the nine biggest U.S. steel firms by as much as 30 percent. Basic pay rises from 2.50 to 4.00 per hour, with 25 cent boosts in years two and three. Cost of living adjustments may apply if CPI climbs. About 350,000 workers are directly affected, plus 100,000 more at other mills. I. W. Abel argues inflationary impact is overstated, while critics warn steel and allied industries will face broader price increases and competitive strain abroad. The piece calls for government, industry, and labor courage to curb inflation.
MENTIONED IN THIS ARTICLE
United Steelworkers
U.S
Abel
Ads in Esquire signal wealth or recession mood
Economists gauge the economy by production and employment, but a closer look at Esquire back-page ads reveals readers are seeing both depression and prosperity messages. Three ads push money making schemes, including a costly cuff links offer and family crest jewelry, while 29 ads promise spending opportunities, from a tennis machine to a Bahamas bank with Swiss-style privacy. The piece notes the method is imperfect and reflects evolving confidence rather than solid forecasting.
MENTIONED IN THIS ARTICLE
Esquire
Bahamas
Americans Taste of Their Own Cooking in France Dinner
Washington Post notes a French dinner in Amiens featuring 63 guests and a sample American menu including turkey, sirloin, pumpkin pie, and jambalaya. Americans in France hosted the event to counter condescension and showcase varied American eating, amid playful jabs at diet drinks and frozen shrimp cocktails.
MENTIONED IN THIS ARTICLE
Washington Post
France
States
Amiens
Ixin
Smithfield
Post
Economists Speak Chinese on Welfare Reform Haze
Washington smog alerts frame Senate Finance hearings on welfare reform plans. The House bill promises a guaranteed income of about 2100 to 2400, but complex incentives and a 67 percent marginal tax rate risk leaving poor families worse off. Tellas study suggests preplan earnings affect utility and work hours, a point Congress needs as fog lifts on policy effects.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
House
Federal Treasury
Washington Monument
Ways and Means Committee
U.S. Chamber of Commerce
Senate Committee
William
Mary
Wiliam
U.S
Alfred
Dorothy Tella
William and
John Kenneth Galbraith
Tellas
Tellas ’ Assurif Rih
Bill Presenly
Congress
Joh Williams
Delaware
Williams
Senate
Population shifts threaten Nixon racial policy in northern cities
The piece argues that growing African American populations in northern central cities like New York Chicago Philadelphia Los Angeles Detroit and Washington create economic and administrative pressures. It examines housing enforcement welfare costs and the political viability of suburban housing subsidies and busing as tools, warning that sustained black concentration may force policy shifts.
MENTIONED IN THIS ARTICLE
Washington
New York
Chicago
Philadelphia
Los Angeles
Detroit
Nixon
PHS
St. Louis
Letters to the Editor From Long Beach to Cerritos
A Long Beach reader accuses Congressman Hosmer of misusing a tax breakdown by including Social Security deductions with Health and Welfare to claim near equality with National Defense. He argues Social Security is not a tax and warns the tactic weakens support for Social Security. A Cerritos reader lauds underground press support and laments editorial censorship of high school papers.
MENTIONED IN THIS ARTICLE
Hosmer
Dollay
Long Beach R. Greengard
Also Mentioned on This Page
I. W. Abel
The
Greensling
N.C
James J
Independent, Press-Telegis
Richard
Wilson
Up the Underground
California
Cerritos
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