Show LET LABOR EMULATE INDUSTRY testifying be before 10 re a senate committee loon leon henderson Hc the federal price administrator said that he will oppose further wage increases if they force unjustified increases in costs ile he then praised Arne american rican industry for with his department in the vital work of preventing inal inflation aaion and holding down prices labor is taking a mighty si sighted cited point of view if it believes it c cn can n keep on getting higher and higher wages without in the long run producing price increases which will have a ruinous effect on the standard of living of the great masses of the american people what really counts is a fam ilys I 1 real wages that is its income light of what it will jud judged ged bythe buy today labors real wages are the highest in its history strikes and lockouts which result from unjustified and unfair demands on the part of labor must eventually force real wages down by inflating lating ces american industry as mr henderson said is doing a fine job on behalf of the public industrial news review |