Congress of Industrial Organizations President Philip Murray addresses labor/management meeting in Washington

The transcript discusses the need for wage restoration to maintain living standards and prevent economic decline. It highlights the public interest in this issue and the resistance from some employers. The president's address emphasizes the importance of wage increases to support workers and sustain the economy.

What is the primary goal of the American workers' campaign mentioned in the first section?

• To gain more vacation time

• To increase personal wealth

• To restore lost wages and maintain living standards

• To reduce working hours

What is a major concern discussed in the second section regarding the economy?

• High unemployment rates

• Inflationary pressures

• Deflationary spiral

• Excessive government spending

How have some employer groups responded to workers' wage restoration demands?

• By reducing working hours

• By offering immediate raises

• By being receptive and negotiating

• By not being receptive and avoiding bargaining

According to the president's address, why are wage increases necessary?

• To cushion workers from economic shocks

• To increase government revenue

• To decrease inflation

• To reduce taxes

What does the president emphasize about the industry's ability to increase wages?

• It is impossible due to economic constraints

• It is solely for increasing profits

• It is necessary for maintaining national income

• It should be avoided to prevent inflation