The Economy: Labor's Disturbing Challenge

THE speaker on the dais of Bal Harbour's Americana Hotel last week was nervous, and he showed it in a shaky voice and several misplaced words. Richard Nixon had good reason to feel a bit of stage fright, since the rostrum from which he spoke faced some 2,000 delegates to the AFL-CIO convention, which had just adopted a resolution severely critical of his new economic plan. In a speech that excoriated Nixon's basic sense of economic justice, AFL-CIO President George Meany had gloweringly shouted that "if the President of the United States doesn't want...

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