What's ahead for business? Said General Electric President Charles E. Wilson last week: "I could give you a record-breaking, one-word answer and retire, trouble."
The trouble, Wilson told the Chicago Economic Ciub, was coming from two sources: price controls and increased labor costs. Said he, "Every artificial control is like a dam across a stream. The stream either stops flowing, or is diverted to new channels. These diverted materials are either disappearing from the market or, for cost reasons, are showing up in black market channels."
If labor plans to strike for...
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