Wage controls and price freezes debated by U S officials
Labor leaders pressed for final say by wage stabilization board on wages and for active participation in mobilization. ESA warned of mandatory price ceilings if voluntary restraint fails, while lawmakers urged simultaneous action on wages and prices. FTC-like rollback plans and industry appeals sparked debate over deferral and enforcement.
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Jaarkey
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United Auto Workers
Mr. Truman
White House
Economic Stabilization Agency
ESA
Alan Valentine
Rowland Jones, Jr
American Retail Federation
Key
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Méontime Esa
General Motors. Corporation
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Major West
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Ford
G. M
Agress
Standards clash with prices in price spread debate
In Washington the Price Stabilization Board outlined how new standards would apply to price increases, noting wages may rise with costs but profits tied to volume not allowed. Officials cited President Truman seeking broader mobilization powers while lawmakers moved to revive World War II authority to consolidate agencies and modify defense contracts, with Senate signs of trouble emerging.
MENTIONED IN THIS ARTICLE
Syracuse Herald Journal
Ford
G. M
Mic]ichael V. DiSalle
jDiSalle
Baat
ESA
CLO
A.P.L
Cyrus S
Hushemenabes
House
Taft
Congress
Senate
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