Economic Report of the President: Hearings Before the Joint Economic Committee, Congress of the United StatesU.S. Government Printing Office, 1967 |
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Page 16
... productivity in the economy , unit labor costs will rise and there will be inflationary pressure on prices . Senator JAVITS . But you are not setting a figure on the advance in productivity any more . You are just saying you want ...
... productivity in the economy , unit labor costs will rise and there will be inflationary pressure on prices . Senator JAVITS . But you are not setting a figure on the advance in productivity any more . You are just saying you want ...
Page 21
... productivity in the economy . I think it is impossible to expect that . We do not expect it . But it is very clear that if we are to have stability of costs and prices , in the longer run wage increases cannot on the average exceed the ...
... productivity in the economy . I think it is impossible to expect that . We do not expect it . But it is very clear that if we are to have stability of costs and prices , in the longer run wage increases cannot on the average exceed the ...
Page 25
... Productivity is a guide rather than a rule for appraising wage and price behavior for several reasons . First , there are a number of problems involved in measuring productivity changes , and a number of alternative measures are avail ...
... Productivity is a guide rather than a rule for appraising wage and price behavior for several reasons . First , there are a number of problems involved in measuring productivity changes , and a number of alternative measures are avail ...
Page 26
... productivity in the economy as a whole need and deserve support . C. We believe that the procedures set forth in the section headed " Recom- mendations " will assist in providing such support in that they will help to develop a more ...
... productivity in the economy as a whole need and deserve support . C. We believe that the procedures set forth in the section headed " Recom- mendations " will assist in providing such support in that they will help to develop a more ...
Page 27
... productivity growth [ In percent ] Industry GROUP A Average pro- ductivity growth rate ! Average price change ? 1957-65 1960-65 1964-65 Nonmanufacturing : Coal mining . Copper mining . Gas utilities . Electric utilities . Iron mining ...
... productivity growth [ In percent ] Industry GROUP A Average pro- ductivity growth rate ! Average price change ? 1957-65 1960-65 1964-65 Nonmanufacturing : Coal mining . Copper mining . Gas utilities . Electric utilities . Iron mining ...
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Common terms and phrases
ACKLEY balance of payments benefits billion capital Chairman PROXMIRE changes COHEN Congress Consumer Price Index corporations cost Council of Economic defense deficit demand dollar Economic Advisers Economic Report effect estimates expansion expenditures fact Federal Reserve figure financing fiscal policy full employment going GOLDFINGER Government gross national product growth guideposts impact incomes policy industry inflation inflationary interest rates investment Joint Economic Committee labor MARTIN ment monetary policy money supply national income percent period present President President's pressures price increases problem profits programs proposed quarter question recession reduce Representative BROCK Representative CURTIS Representative GRIFFITHS Representative REUSS Representative RUMSFELD Representative WIDNALL restraint revenues rise SCHULTZE Secretary FOWLER Secretary WIRTZ sector Senator JAVITS Senator MILLER Senator SYMINGTON situation social security spending stability statement tax increase tion TROWBRIDGE unemployment unemployment rate Vietnam wage workers