Decontrol of Wages
Final Decontrol of Wages, soon to be ordered by President Truman, will place squarely on the shoulders of labor and management the responsibility for preventing another inflationary race between pay and prices. For the first time in more than four years, wages will be the subject of free collective bargaining, with no limits set by public authority to increases in rates of pay.
Early removal of all wage controls became a virtual certainty when President Truman announced the decontrol of meat, Oct. 14, and told the country by radio that the lifting of other price controls would be accelerated. Controls have since been removed from a very large number of food items. Since August, 1945, wages have been controlled indirectly through the regulation ...