The biggest labor news of the week was a rumor.
The rumor was that Henry Ford II, undisputed boss of the Ford empire, had offered the C.I.O.'s United Automobile Workers a wage increase of 23%. This was just 7% below U.A.W.'s demand.
Ford denied it; the U.A.W. was coy. But there was ample foundation for the belief that Young Henry would make the U.A.W. an ample offer. Young Henry wants more than anything else to make Ford first in automobiles. He also has a strong leaning toward his grandfather's tradition of high wages and low prices. If he could beat other motor manufacturers...
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