Word: wage
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Dates: during 1950-1959
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Somebody asked cob-nosed Cy Ching whether he thought selective wage controls would work. "I don't know," said Ching, the only words he uttered during the conference...
...other alphabetical agencies devised for every new area and every crisis. So far, President Truman has reached toward mobilization in a more traditional fashion, through the regular Cabinet departments. So far in 1950, there are no home-front czars and caliphs grinding out firm and final decrees to a wage-stabilized, price-controlled, rationed public. But there is also a noticeable absence of vigor and purpose in the U.S. mobilization program, and in most of the men running it; there are no Charles E. Wilsons, "Bull" Jeffers, Bill Knudsens. These are the men who have been trying to catch...
...basic argument rocked U.S. industry and Government last week. Should across-the-board price & wage controls be slapped...
...There wasn't even a skeleton organization around to enforce full controls.* But by this week there was such a round of price and wage boosts that the urge to impose across-the-board controls -whether it made strict economic sense or not-had become almost irresistible...
While some people loudly cried for wage & price controls, the Senate-House watchdog defense committee last week lent itself to an all-out attempt to sabotage credit controls, the only existing brake the U.S. has had against inflation...