Congress of Industrial Organizations President Philip Murray addresses labor and management gathering in Washington

The transcript addresses a significant problem in the United States, emphasizing that it cannot be solved solely through procedural means. The word 'No' is highlighted as a critical issue affecting societal welfare. The speaker urges a conference to address industrial problems and protect American workers' wage standards.

In what way does the text propose to address the common welfare?

What does the text suggest about the basic industrial problem confronting the nation?