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Johnson Urges Labor Leaders To Help Hold Wage-Price Line
President Johnson urged union chiefs to follow Kennedy era wage settlement guidelines to keep inflation in check while promising a potential future tax cut if the economy stays strong. He warned that ignoring the guideposts could trigger a wage price spiral harming real wages and federal soundness. AFL-CIO leader Meany and UAW chief Reuther signaled reservations about boundless adherence in upcoming contracts with GM Ford and Chrysler.
MENTIONED IN THIS ARTICLE
Johnson
Washington
White House
Barry Goldwater
Nelson Rockefeller
John F. Kennedy
Afl-Cio
George Meany
Labor Federation
Walter P. Reuther
United Automobile Workers
General Motors
Ford
Chrysler