Show PRICES WILL FOLLOW WAGES the governments efforts to control prices business week recently observed are meeting difficulties despite the work of leon hendersons lifke office commodity prices continue forider fo to riser rise there is a very sound reason for that the reason reason is wages it should be obvious to anyone that prices and wages still follow the same course it is utterly unreasonable to expect that we can fix prices and at the same time permit wage levels to steadily rise during this defense boom wages 1 j have risen much faster than production in the year ending last june payrolls increased 42 per cent while manufacturing output increased only 30 pet cent wage increases have also been far greats great w ir than price increases the efforts of business and the government to control prices will prove completely ineffectual if this trend continues in some lines of which retail merchandising is perhaps the the most outstanding ingi prices have been hi held eld down for the reason that business has taken smaller profits that cannot go in indefinitely in the face of the wage trend if we are to have an upward wage spiral we must have an upward price spiral with it if we are to place a workable ceiling over I 1 ces on the other hand we must also place a ceiling over wages there are no alternatives and the sooner we realize that the sooner the price wage vage problem will be srol s alved ved industrial news review |