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Wage Board Speculates on Slashed 5.5% Standard
Washington reports the Pay Board may cut the wage growth standard from 5.5 percent, signaling potential shifts if economic trends change. Boldt backs no-controls stance but favors market forces, while Nathan warns of inflationary risk and renewed labor pressure in 1973 if profits surge and prices stay high.
MENTIONED IN THIS ARTICLE
Washington
UPI
George H
Batdt
Congress
Economic Committee
Nixon
Joint Economic Committee
Boldt
Nathan
Robert R. Nathan
Écon
Dhns
George H. Boldt
Joint Economic Committee of Congress