Opening Statement By William Lilley III At The Conucil’s Public Symposium on Wage Differentials

by William Lilley on June 2, 1976
by William Lilley

“Good morning. I would like to welcome all of you to this symposium on relative wage differentials among various groups in the labor force. The Council on Wage and Price Stability has statutory responsibility for monitoring and analyzing inflationary activities throughout the various sectors of the economy. The Council on Wage and Price Stability Act includes provisions which instruct the Council to “work with labor and management in the various sectors of the economy having special economic problems, as well as with appropriate government agencies, to improve the structure of
collective bargaining and the performance of those sectors in restraining price increases” and to “improve wage and price data bases for the various sectors of the economy to improve collective bargaining and encourage price restraint…”

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