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Economy / Unemployment / Steel Industry / Minimum Wage Bill #249332

CBS Evening News for Friday, Oct 07, 1977
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(Studio) Unemployment figs. for September noted. Treasury Secretary Blumenthal says tax cut to put life into economy more likely for next year than before. Steel ind. blames foreign steel imports for much of its problem, but this claim is challenged in report released today from Wage and Price Council
REPORTER: Walter Cronkite

(New York City) (Bethlehem Steel film shown.) Council report presents American steel industry as no longer competitive in modern free trade and steel mills abroad. [Council spokesperson Barry BOSWORTH - notes placing of import quotas on foreign steel might help United States industry, but at expense of incrd. prices for consumers.] Uses of steel, effects of price hikes on consumers and problems seen within American industry noted. Report says no single person or group can help American industry

(Studio) Senate vote on minimum wage bill noted. House bill is considerably different.
REPORTER: Walter Cronkite

Brady, Ray;
Cronkite, Walter

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