International Marxist Group Archive

Magazines, bulletins and booklets of the IMG and its forerunners, 1961–1984

Pamphlet Says 'declarations' Futile

· The Week Vol. 5, No. 23, 9 June 1966 · p. 9 of the scan · 240 words

The scan: The Week v5 no23.pdf (PDF, Marxists Internet Archive, opens at this page)

Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.

from a London reader rrofessor Colin Clark has recently written a Aims of Industry pamphlet which claims that the only real incomes policy should be one aimed at bringing down the the number of unfilled vacancies without increasing the number of unemployed. Professor Clark asserts that an incomes policy that tries to hold wages down or to stop prices rising is based on a fallacy. "When pressure on the labour market is high, average earnings rise rapidly, incomes policy or no income$7,;Since 1947, the general upward trend in hourly earnings of all wage workers has been at the average rate of 6.3% per yeare Most people seem to think that it is possible to stop wages rising by calling meetings, by declaration of intent, by early warnings, and by generally talking round the subject. These ideas are futile, The course of earnings is determined by the changing pressures on the labour market, not by the speeches of politicians," Professor Clark thinks that the Government is a major culprit in bringing about this state of affairss; one form of demand of labour has persistently increased faster than the available supply, he states, "This is the demand of the Government itself, Even under George Brown's national plan, the demands of the Government for labour are planned to go on increasing faster even than his planned rate of national growthe.." Professor Clark ends by praising Mr. Wilson's call to scrap "antiquated union rujle-books",

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