LABOR: Next: The Annual Wage?

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 FORWARD—GUARANTEED 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...

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