INFLATION: Formula Smashed?

The U.S. Government has already allowed wages in special cases in the building trades to soar far above the limits set by the "Little Steel" formula—the line which the Administration is trying to hold in its war against inflation.

This significant fact came to light this week when the New York Times's grey, able labor correspondent, Louis Stark, checked up on recent decisions of the Wage Adjustment Board of the Building Construction Industry, headed by Daniel W. Tracy, Assistant Secretary of Labor and longtime boss of A.F. of L.'s electrical workers union. Stark found that the Board in some cases has...

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