The Economy: A Chance for a Phase II Deal with Labor

WITH unintentional symbolism, the bodies that will administer post-freeze controls on wages and prices began meeting last week—an hour late. Three of the seven members of the Price Commission were caught in rain-jammed Washington traffic. It hardly mattered; once they did get together, officials of the commission and the new Pay Board merely were sworn in and discussed agenda. They put off any policy decisions until at least this week.

That leisurely pace cannot last. By the end of the freeze on Nov. 13, the two groups must shape standards to limit rises in pay and prices. Demands for special treatment are...

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