The Unguided Guidelines

January 1966
Time;1/21/1966, Vol. 87 Issue 3, p83
The article reports on the issues regarding the voluntary wage-price guideline violation and the transit strike in New York in 1966. It states that an anti-inflationary formula was made which shows how wage and price increases relate to productivity stating that no increases should be made by more than 3.2% on either a company or a labor union. It mentions the importance of making some changes in the rules and the application of the voluntary wage-price guidelines.


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