Word: tolerableâ
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What did he have in mind? An "incomes policy" generally requires the Government to define just what wage increases would be considered tolerable???and under what circumstances it would be justifiable for companies to raise prices. Burns was not asking for anything so drastic. He has told friends that he is thinking of several possibilities, including: 1) presidential preaching to business and labor leaders that they have a "social responsibility" to hold down wages and prices; 2) wage-price guidelines drawn up by business and labor, rather than issued by the Government; 3) federal compilation and publicizing of statistics that...
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