Wage and Price Controls -- What Have They Done To Others?
Publisher: GATT-Fly, Toronto, Canada
Periodical profile published 1976
Year Published: 1976
Resource Type: Serial Publication (Periodical)
Cx Number: CX191
An international perspective on wage and price controls.
Abstract: There is growing resistance among people in Canada to the wage and price control programme of the Trudeau government . Is this resistance justified? This Gatt-fly brochure offers an international perspective on this question by looking at the recent experiences of inflation control programs in Britain, the United States, Brazil and Chile. The evidence presented in this flyer indicates that wage and price control programmes in Britain and the U.S. have not effectively curbed price inflation but have reduced the real wages of working people. In Brazil and Chile inflation control measures have more severely restricted the real incomes of workers who are completely repressed and denied the right to organize. At the same time, no one claims that overall profits or corporate incomes have declined under these programs; on the contrary, they have often increased. For working people in Canada, the implications are clear.