“ The Committee shall study, and shall advise with and make recommendations to the President with respect to policies that may be followed by labor management, or the public which will promote free and responsible collective bargaining, industrial peace, sound wage and price policies, higher standards of living, and increased productivity. ”

“ The Committee shall include among the matters to be considered by it in connection with its studies and recommendations (1) policies designed to ensure that American products are competitive in world markets, and (2) the benefits and problems created by automation and other technological advances. ”