ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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THE ECONOMY-The Dismal Seventies

willing to give up without fighting for its rights and demands. This mood of the working people is obviously a warning signal to authority, especially when strong pressure is being exercised on it for what is euphemistically called the need for firm handling of organised labour and trade unions on the wage as well as other questions if in- flation is to be controlled and conditions are to be created for capital formation in the public and private sectors. The signs are thus ominous for labour in the evolution of the new government's industrial relations policy. It will take some time, of course, for the policy, to become explicit and for its application in the handling of the claims of the workers in industrial disputes.

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