Word: wirtz
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...barons of organized labor met for their biennial convention-and the tenth anniversary of the A.F.L.-C.I.O. merger-Labor Secretary Willard Wirtz aptly summarized the challenge confronting the unions in the affluent society. Said he: "Never before has the country faced so clearly the choice that it now faces between moving ahead or settling for what we now have, for leaning back, if you will, and patting our stomachs." For all the well-upholstered abdomens in San Francisco's Civic Auditorium, there were signs of change by convention's end last week...
Inflation, as a topic if not a reality, was on just about everyone's mind and tongue last week. Treasury Secretary Henry Fowler saw "disturbing signs," while Commerce Secretary John Connor and Labor Secretary Willard Wirtz had words of reassurance. Lyndon Johnson asked his top economic advisers to come to the Texas ranch soon to talk about the economy, but his aides insisted that he was not really worried...
...certain amount of unemployment is inevitable. "In an economy in which 10,000 or more newcomers enter the work force every day," says Labor Secretary Willard Wirtz, "and perhaps as many more leave one job to go to another, there is bound to be 'frictional unemployment' amounting to about 2% to 2.5%. There will always be, in addition to this, about one-half of 1% who simply lack what it takes." Adding up those figures, federal policymakers conclude that a jobless rate of 21% to 3% would constitute "full employment." The nation has advanced halfway toward that goal...
Weighing all factors, both U.S. Labor Secretary Willard Wirtz and Otto Eckstein, a member of the President's Council of Economic Advisers, predict continued price stability...
Organized labor is less than ever a monolithic segment of a fragmented national society. No more can it afford to make purely demagogic demands of industry, and to an unprece dented degree, labor and management are forced to work together. In this sense, Labor Secretary Willard Wirtz is fond of quoting Lewis Carroll's Hunting of the Snark...