Wage Control

Archive Report

Economic Controls in War Mobilization

Direct controls over wages and prices are in prospect for the near future if higher taxes and indirect controls over money and credit fail to restrain inflationary pressures of the mobilization program. Preliminary planning for wage control began on Nov. 28 with the first meeting of the new Wage Stabilization Board headed by Cyrus S. Ching, director of the Federal Mediation and Conciliation Service.1 Ching said at a press conference the following day that the board was still “in the process of exploring” but that the turn of events in Korea added urgency to its deliberations. Appointment of Michael V. DiSalle, mayor of Toledo, as Director of Price Stabilization on Nov. 30 completed the top level organization for imposition of ...

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