As 3,000 members of the National Association of Manufacturers gathered for their annual meeting in Manhattan's Hotel Waldorf-Astoria last week, most of them were sure of the No. 1 bellyache of U.S. industry. It was inflation, complicated by a new round of union wage demands, and most of the NAMsters agreed on the cure put forth by General Motors' C. E. Wilson. Said he: the 40-hour week must go, at least temporarily.
The nation's problem, said Wilson, was fundamentally "to produce more"but not at all costs. "Any attempt to raise wage rates faster than the actual increase in hourly productivity," he...
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