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Syracuse Herald Journal in Syracuse, New York

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Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Dec 20, 1950

Page

10

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.

Musl Alan Valen Lime Frwoni Hnal Valentine Bricker WRC Capehart Indiana Jaarkey Tabor Walter P. Reutaer C.so United Auto Workers Mr. Truman White House Economic Stabilization Agency ESA Alan Valentine Rowland Jones, Jr American Retail Federation Key Chairrman Méontime Esa General Motors. Corporation The Petroleum Induse Jones Sam BSH Sit Major West Icéast Ford Motor Retail 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.

Syracuse Herald Journal Ford G. M Mic]ichael V. DiSalle jDiSalle Baat ESA CLO A.P.L Cyrus S Hushemenabes House Taft Congress Senate

Also Mentioned on This Page

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