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During the postwar boom, Reuther campaigned for wage increases, winning a major victory in a 1948 settlement with General Motors that established the concept of an annual wage increase (annual improvement factor) tied to a quarterly cost of living allowance. The AIF-COLA formula has, over the years, been a pillar of progress in enhancing workers' living standards and ensuring protection of the purchasing power of the earned dollar against the impact of inflation...

Author: /time Magazine | Title: WALTER REUTHER: Working-Class Hero | 12/7/1998 | See Source »

Five Harvard professors lined up yesterday behind the Americans for Intellectual Freedom, which has denounced the Cultural and Scientific Conference for World Peace, sponsored by Harlow Shapley, as a "Communist front operation." One of them, Arthur M. Schlesinger, Jr. 37, will speak this afternoon at the AIF's counter-rally in New York City's Freedom House...

Author: NO WRITER ATTRIBUTED | Title: 5 Professors Attack Peace Meeting; Shapley Confident as Sessions Open | 3/26/1949 | See Source »

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