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Phase II / AFL-CIO / Price Commission #454872

NBC Evening News for Thursday, Nov 18, 1971
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(Studio) Senator Banking Committee votes to give workers pay increases frozen for 90 days. Committee says should be given unless inconsistent with long-term econ. goals; much talk with regard to retroactive wage increases at AFL-CIO convention
REPORTER: John Chancellor

(Miami, Florida) AFL-CIO President George Meany insists all wage increases in contracts must be met. [MEANY - says must keep word on agreements.] Meany feels labor will be blamed for phase II failure if he walks off pay board [MEANY - says will stay on board as long as hope remains for achieving goals; won't cooperate. If President Nixon doesn't like terms, he can kick us off.] Nixon visits AFL-CIO convention Friday Workers will strike to get increases if can't get them otherwise.
REPORTER: Irving R. Levine

(Studio) Pay board meets to discuss coal workers contract. Price commission head, C. Jackson Grayson, meets with Senate Committee
REPORTER: John Chancellor

(DC) Grayson must set up rules and see they're followed. [GRAYSON - says if consumer sees alarming increases, he can report to local IRS (Internal Revenue Service) office to see if store complying.] [Senator William PROXMIRE - says either enforce it, or it won't work.] [GRAYSON - feels most people want to cooperate; says consumers shopping competitively and with IRS (Internal Revenue Service) is desirable.] Bus. must comply voluntarily and consumers must report them if they don't. Committee will question pay board head Judge George H. Boldt.
REPORTER: Russ. Ward

Reporter(s):
Chancellor, John;
Levine, Irving R.;
Ward, Russ.
Duration:
00:05:00

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