Roosevelt Freezes Wages
WASHINGTON, April 9.
Taking steps to combat inflation, President Roosevelt, has issued on Executive Order placing price ceilings on all commodities affecting the cost of living and forbidding further increases in wages and salaries as well as changing jobs to obtain higher pay.
The order asserts that price increases will not be sanctioned unless imperatively required by law and wages will not be raised unless it is clearly necessary to correct low standards ol living.
The President called on Congress to impose higher taxes, to reduce ex cess purchasing power and also to refrain from passing legislation requiring further price increases. The Washington correspondent of the “New York Times” says the President’s action will probably bring a show-down between the Administration and John Lewis, who is now demanding a two-dollar a day increase for 500,000 coalminers. “No 10 Per Cent. War” The Food Administrator (Mr Chester Davis) told a Press Conference that 35,000.000,000 dollars' surplus spending power must be recaptured by the Government to enable present price and wage controls to combat inflation effectively. Mr Davis recommended higher taxes and sharply increased investments in war bonds to-relieve the strain of too much, purchasing power on the declining volume of consumer goods. He said: "This is no 10 per cent war.”
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Northern Advocate, 10 April 1943, Page 3
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213Roosevelt Freezes Wages Northern Advocate, 10 April 1943, Page 3
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