WASHINGTON, December 11--The CIO adopted today as a basis for its new wage drive a report contending that industry can afford to raise wages up to 25 percent and still keep profits at near wartime peaks without boosting prices.
The report, prepared for the CIO by Robert R. Nathan, onetime key government economist, warned too that the nation is "flirting with collapse" unless industry increases wages promptly or sharply cuts prices.
Nathan's findings immediately provoked vigorous dissents from industry sources.
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The Great Compromise
