Productivity and Wage Policy
Union Concern with Questions of Productivity
Productivity of industry and of the individual worker has assumed a place of importance in the determination of trade union policy as a result of the declines during the last twelve months of prices, profits, and employment from the boom levels of earlier years. President Truman told Congress in his economic report, Jan. 6, that the country's basic economic problem no longer is to control inflation but rather to increase production, jobs, and purchasing power.
Leading labor organizations are now demanding that gains from higher output per worker be passed on in the form of wage increases, And in some instances unions are showing concern over the threat of unemployment brought by revolutionary advances in technology. Ground ...