Ever since Phase II of President Nixon's economic program got under way three months ago, the Pay Board and Price Commission have found it especially difficult to set rules for some parts of the enormously complex U.S. economy. Last week each group tackled one of its stickiest problems. In a surprise move, the Price Commission suspended all pending rate increases by privately owned utility firms. Its move temporarily froze prospective boosts that would have added billions of dollars annually to consumers' telephone, electric and gas bills. The Pay Board issued new rules governing merit raises, the form of pay...
To continue reading:
or
Log-In
