18 Jun 1954
Page 1
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Newspaper
The Cincinnati Sun
Location
Cincinnati, Ohio, United States of America
Date
Jun 18, 1954
Page
1
The CIO argues gains in productivity must be shared by workers, industry, and consumers through wage gains and lower prices. It notes non-government productivity rose 4.7% in 1953 and warns against wage stagnation that would slow demand and risk recession. It stresses buying power must rise with efficiency to sustain growth.
The CIO warns that rising output without growing sales risks mass unemployment and idle machines. It argues full production and employment depend on expanding consumer markets for the rising volume of goods and services. It criticizes failures of business to share gains, noting distortions from high profits and weak buying power.
Officers of Steelworkers Local 1859 announced the meeting scheduled for Sunday June 20 is postponed to allow members to celebrate Father's Day. If needed, a special meeting may be called later to address any remaining business.
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