Records About Wage Increases

The Economic Stabilization Program had 4 phases:Phase I (August 15, 1971 to November 14, 1971)Phase II (November 14, 1971 to January 11, 1973)Phase III (January 11 to August 13, 1973)Phase IV (August 13, 1973 to April 30, 1974).The collection of wage data began with Phase II under the direction of the Pay Board and continued through Phases III and IV under the Office of Wage Stabilization. During Phase II, firms with 5,000 or more employees needed CLC approval to raise wages, firms with 1,000 to 4,999 employees had to report all wage increases but needed approval only for wage increases above 5.5 percent, and firms with less than 1,000 employees merely had to report increases above 5.5 percent.

During Phase III and Phase IV, only food industry firms required CLC approval for wage increases, while construction firms with annual sales of $50,000 or more needed such approval. Health industry firms continued to be subject to Phase II controls. Firms outside of the food, constructio n and health industries had to report wage increases above 5.5 percent.

This data comprises government records extracted from the Archival Research Catalog (ARC). See the ARC catalog entry for this series for more information on this data and how to order it.