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Slichter Sees Continued Cycle In High Wages, Business Costs
At a Public Utilities Commission hearing in Boston, Summer Slichter, economist and Lamont University Professor, testified that he foresaw continued high wages and other business costs for the next few years.
In a hearing on the New England Telephone Company's petition for higher rates, Slichter said he did not think that the present trend will follow the post-Civil War and post-World War I cycles.
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