LABOR: The Rubber Standard

The Phase III guideline for wage increases goes Rashomon one better: it differs not only according to who is describing it, but according to who is describing it in which sentence. Last week John T. Dunlop, chairman of the Cost of Living Council, announced that "the wage and price standards that existed in Phase II...continue in effect," including the 5.5% guideline for average pay raises. In the same press conference, Dunlop said that he fully agreed with a statement by COLC's labor-management advisory committee that "no single standard of wage settlements can be formally applicable at one time" to every...

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