New Demands for Employment Security
Revival of Labor Pressure for Guarantees Wage
Fears of a business recession in 1947, followed at some future time by deep depression and widespread unemployment, have brought a revival in recent months of labor agitation for the guaranteed annual wage. Trade union interest in guaranteed wage plans first developed during the war when a sharp drop in employment was being predicted for this immediate postwar period. The movement was arrested in the autumn of 1944 by the refusal of the National War Labor Board to sanction the wage guarantee plan brought forward by the United Steelworkers.1 Continued high-level industrial activity after V-J Day led the unions to concentrate during the next 20 months on demands for increases in hourly wage rates ...