In Atlantic City's cavernous Convention Hall, at the United Auto Workers' convention last week, stretched a huge sign in gold block letters 20 inches high:
NEXT STEP FORWARDGUARANTEED ANNUAL WAGE.
Cried President Walter Reuther: "We say to the employers: 'We are not going to sign new [contracts] until you put into them guaranteed annual wages for the workers in our basic industries.' " Reuther announced that he had persuaded ten top economists and industrial relations experts (e.g., Harvard's Economists Seymour Harris and Alvin H. Hansen, Wisconsin's Edwin Witte) to serve as unpaid advisers...