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    "label": "Fifth Draft, Wages and Prices Speech",
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    "title": "Fifth Draft, Wages and Prices Speech",
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    "ocrText": "202\nARCHIVES \"MATIONAL REogans AND\nFIFTH DRAFT\n- 15 -\nAs a free people, we must have the good sense to bargain\npeaceably and sincerely. We must be determined to reach decisions based\nupon our long-range interest.\nLet me emphasize, however, that the decisions that are reached\nin collective bargaining must be kept within the limits laid down by the\nwage-price policy of the government.\nThis policy was described in the Order I have already mentioned.\nwhich is known as Executive Order 9599. Briefly, it allows management to\n19\nmake wage increases without government approval, but requires government\napproval before the wage increase can be reflected in higher price ceilings.\nThat is still the policy of the United States.\nTo guide labor and management in their interpretation of this\nExecutive Order, I have today issued an amendment amplifying the Order\nand setting forth three classes of cases in which wage increases may be\ngranted even though price ceiling increases may result.\nThey are situations where such increases are right and just.\nI assure you that they do not have wide application. I am positive that\nthey will not be inflationary in their effect.\nIn addition, the amendment makes two points of importance which\nI wish to emphasize here."
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