Remarks of Albert Rees Director of the Council on Wage and Price Stability Before the Washington Statistical Society

by Albert Rees on May 20, 1975
by Albert Rees

The Council on Wage and Price Stability Act, Public Law 93-387, directs the Council to “improve wage and price data bases rer the various sectors of the economy to improve

collectiv’e bargaining and encourage price restraint.” Because of its small size and limited budget, the Council cannot engage in the extensive, routine collection and processing of statistical data. For this we must rely on the permanent established statistical agencies of the Government. We are thereforc statistics users, not statistics producers. However, we believe that we have a clear mandate to be critical uscrs, and to press actively for the improvement of wage and price statistics…

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