Eric Wigham gives the only answer

Abstract

“EMPLOYERS IN ALL SECTORS should stand firm against unreasonable demands and should reach pay settlements which are fair but a marked and significant downward step from the recent level of settlements … We are not going to treat our own employees in any way unfairly but we are going to set an example.”

Citation

(1970), "Eric Wigham gives the only answer", Industrial Management, Vol. 70 No. 1, pp. 114-116. https://doi.org/10.1108/eb056020