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Economy / Phase II / Administration and Labor #213242

CBS Evening News for Tuesday, Oct 12, 1971
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(Studio) Orgd. labor to serve on administration's pay board under phase II.
REPORTER: Walter Cronkite

(DC) Memo from Nixon guarantees board's autonomy. [AFL-CIO President George MEANY - says because of President' assurances and Cost of Living Council not having veto power over decisions, AFL-CIO executive council decides to help make phase II work; will serve on pay board, set up units to monitor prices, continue to oppose President' tax measures and fight for full employment.] [NIXON - says country won as result of administration-labor dispute and must have organized labor help.] [MEANY - says won't pledge unions to accept any board decision.] Meany feels deferred wage increases should be unfrozen as of November 13; runs counter to administration's plan; could strike to get those increases
REPORTER: Daniel Schorr

Reporter(s):
Cronkite, Walter;
Schorr, Daniel
Duration:
00:02:40

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