Trade Union Demands for Wage Guarantees
The Guaranteed Annual Wage is coming to the fore as a leading demand of labor organizations in the mass production industries for the period immediately ahead. New long-term contracts negotiated in this period would carry over into the expected period of slackening economic activity and rising unemployment when defense production levels off. The main battles will be fought by C.I.O. unions in the heavy industries which are most severely affected by downturns of the business cycle, and where, even in the most prosperous times, workers' regular periods of employment are punctuated by intermittent layoffs.1
The C.I.O. has announced plans to press for guaranteed annual wage provisions in contracts covering all men and women in its industrial unions whose incomes are ...