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REP. HARRISON . V' ? 9 Continued from pace 2 er wages, followed by higher price* the customers either pay die higher price ar.d continue to buy, or they refrain from buyinng. The substantial proportion of these customers who havej not received in\ creases in income comparable to that of the “workers making the product will think longer before deciding to buy the new automobile, dr tractor, j or refrigerator they wanj. When this wage-price process is repeated, year after year, the large body of customers who have not been able to control increases in their own incomes don’t have to think at dll - - they know they can’t afford the new item.
This year, under terms of certain long-range wage contracts, approximately one-fourth of the workers engaged in manufacturing are due for automatic wage increases according] to the Depart- ? ment of Labor, irrespective of how well the products they are making are selling in die marketplace.
These raises are japart from the "escaIator’\ clauses under which,, approximately 3,300,000 workers get raises if the cist of living advances, or reductions if it declines. / We now are coming up against the hard economic fact that continuing increases jin both wages fend prices can price a product out of the market, both domestic a*d foreign. A profitable price means little to the manufacturer whose goods are piling up in a warehouse. The wage increases Walter Reuther got for them are small comfort today to the automobile workers who have been laid off because the
cars are not telling._
Our lawmaker* seem to be getting
busier and lousier. According to the Portland] Oreg&jiap, the 82nd Congress passed 594 laws, the 83rd passed 5181, and the 84th passed 1028. Its) likely that die current Congress; the 85th, will pass still more. | *
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