Word: absorbable
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Dates: during 1940-1949
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...rises since 1937, began negotiating last month with U.S. Steel for a new contract. Its asking price: 10? an hour more pay (current rate: 62½?). The company's bid: 2½? an hour. There was plenty of room for compromise. Big Steel said the industry could absorb a $1 increase, would find 7½? on the borderline, would have to up its prices if the 10? demand went through. When a threatened strike was postponed for more negotiations, everybody expected management and labor to meet halfway. They reckoned without Mr. Weir...
...Able to absorb expensive food at any time...
...first time in ten years, unemployment ceased to be U. S. Problem No. 1. Yet even this month there were still some 8,000,000 unemployed. At the same time, many industries complained of a skilled-labor shortage. Perhaps, like Britain, the U. S. could not absorb all its unemployed because its industrial mobilization never would be complete...
...record spoke for itself. Mr. Stimson's explanation: that the Army, having in the first place overestimated its ability to absorb recruits, could be accused of nothing more than undue optimism. Many of those estimates were cooked up during debate on the conscription bill; many more during the Presidential campaign, when Wendell Willkie was huffing & puffing at unmade Army housing. Said Henry Stimson, with twinkling reassurance: "Estimates beforehand are only estimates. Anybody who has built a house knows that. I think that on the whole the defense work is coming along as well as could be expected...
Recovery and Defense. Most nearly unanimous opinion was on how to put the U. S. economy back on its feet. If "certain deterrents" are removed, 85.4% believed that private industry can in time absorb all the unemployed. More surprising was the line-up on what the deterrents are. Only 40% believed them to be all on the Government's side. A clear majority of 58.9% agreed that management is not blameless, that only by a change in business policies combined with a change in Government's attitude can industry absorb the unemployed. In this willingness to share...