The Economy: A Program That Works


The skyscraping settlements of the construction unions long stirred public resentment, whetted the aspirations of the rest of organized labor and created nightmares for Government inflation fighters. The hardhats' demands became so economically disruptive that early in 1971 President Nixon set up the Construction Industry Stabilization Committee. Manned by four representatives each from management, labor and the public, who meet in Washington only one day a week, the group has operated with an unorthodox autonomy that has ruffled some Pay Board bureaucrats and pooh-bahs from nonconstruction unions. Yet after 20 months of...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!