Word: wsb
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...WSB. Wage Stabilization Board. Wage controls. Chairman: Cyrus Ching...
...anti-inflation program would come unhinged. Ching and the other two public members (Clark Kerr and John Dunlop, both economics professors and veterans of Government mediation and fact-finding boards) succeeded in persuading the industrial members to agree to 10%. The industrial members even agreed to a promise that WSB would review wages again in the spring...
...three labor members (Emil Rieve of the C.I.O. textile workers, Elmer Walker of the A.F.L. machinists, Harry Bates of the A.F.L. bricklayers) demanded a 12% ceiling-not including fringe benefits-and nothing less. The U.L.P.C., watching from a nearby headquarters, ordered its stalking horses on WSB to hold fast...
They held fast through a final night-time meeting until Ching put the matter to a vote. The vote was 6 to 3. The three defeated labor members burst from the meeting proclaiming: "We are withdrawing from the WSB...
...Washington, headed for New York to take charge of a strike in 160 textile mills. 70,000 woolen workers walked off their jobs. The autoworkers considered that a wage formula which did not allow a cost-of-living clause in their contracts left them free to walk out. The WSB fight would make it harder than ever to reach an agreement on the still-unsettled railroad wage fight...