Minister's Warning on Wages
Page 44
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WE hope that demands for increased wages will not be made where they are not covered, and more than covered, by increases in productivity and efficiency. Such a hope may seem at variance with the recent discussions at the Trades Union Congress conference at Blackpool," said Mr. Harold Watkinson, Minister of Transport, in a weekend speech.
" As I judge public opinion today up and down the country, it is quite firmly and definitely of the view that the race between wages and prices must stop until productivity can catch up and restore the balance," he added.
"The T.U.C. throw over wage restraint because they say that the Government .has deliberately forced up the prices of things. Yet they know from the impartial economic advice available to them that trade unionists, on the whole, have stayed well ahead in the race between wages and prices.