President Harry Truman speaks in Washington, DC, about the duties of US labor

The transcript discusses the balance between price stability and wage rates, emphasizing that wage increases are possible without raising prices. It highlights the responsibilities of labor in ensuring reasonable wage demands and supporting industry. The importance of efficiency and productivity for achieving mass production is stressed, along with the need for labor to reduce absenteeism and disputes. Finally, it advocates for collective bargaining as a mature and effective business practice.

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