Word: bowleses
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Dates: during 1940-1949
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As chairman, the delegates selected a Canadian, shrewd, friendly Lester Bowles ("Mike") Pearson, the Dominion's Minister Plenipotentiary to the U.S.
¶ Promptly place ceiling prices on items coming back into production, permitting increases over prewar levels where necessary to allow for increased wage and material costs. (Said Bowles: "In the case of companies which continue to have war business or other civilian business we will also consider ... the general financial...
¶ Keep price and rent control in effect as long as necessary-"but not one month longer." (Said Bowles: "The controls which we administer are wartime controls. They were conceived for an emergency period.
Chester Bowles admitted that in carrying out his policy in regard to products which reappear in the market as the result of gradual reconversion, prices would have to vary from industry to industry, in some cases from company to company. There might be 100 different ceiling prices for the same...
As examples of this Bowles pointed out that one manufacturer has had a direct wage increase of 35% since 1940, while another in the same field has had only a 6% increase. Like differentials apply between industries: the hourly wage rates in autos are up 9.6%, in refrigerators 17.4%, in...