Business & Finance: Davis Likes Foreign Models

William H. Davis, chairman of the War Labor Board and, next to the President, the most important Government man on the labor front, last week shed light on where he thinks the U.S. labor movement is heading.

"Industrywide collective bargaining seems a logical next development," Mr. Davis wrote for a release summarizing the new Twentieth Century Fund's survey on collective bargaining. It makes for greater stability throughout an industry, more responsible unions, and puts management on a more fair and equitable competitive basis so far as wage costs are concerned.

"It seems to me...

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