Word: boosted
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Dates: during 1950-1959
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...costs of self-government. They are already strapped by what they call F.C.L.-fearful cost of living. Virtually everything Alaska uses is brought in by steamer and airplane, and because the territory produces so little for ships and planes to haul profitably back to the States, the freight charges boost retail prices to alarming levels. A Seattle dollar shrinks about 19? in Juneau, 29? in Anchorage, 35? in Fairbanks. Wages consequently run 15-40% higher than comparable Stateside payrolls, and that is a factor that holds back large-scale investment from Stateside in Alaska's potential...
...mechanism for giving the stockholders, consumers, workers and managers their just equities.'' This fooled no one. Behind closed doors Reuther himself had told unionists that they must cut their demands, take "a more realistic" approach to bargaining. He decided to drive for a 10? hourly wage boost (v. 7? offered by management) plus better unemployment benefits, sliding-scale pensions pegged to cost-of-living, and other fringe benefits...
Pressure. Last week the automakers countered by putting on more pressure for an immediate two-year extension of the current contracts. They warned that some 600,000 U.A.W. members covered by the Big Three contracts will not get their annual 2½% wage boost (averaging 7?an hour) and cost-of-living hike (averaging 2?), due on June 1, unless and until the union signs a contract. In the past, whenever the U.A.W. won a raise, the companies also raised nonunion and salaried employees the same amount. This week the Big Three automakers gave 2½% wage boosts and cost...
...benefits. Auto workers would get something more than a 9? package v. the 35?-to-45? package that Reuther originally demanded. Such a settlement would be considerable, considering the slump, but less than Reuther has signed for in the past. To date, his most modest settlement was an 11? boost...
...looming 1959 deficit, said Stans, compels the Administration to "look critically at each one of the additional expenditure proposals being urged upon us." And a little elementary arithmetic shows that it will also compel the Administration to ask for another boost in the federal debt ceiling, which Congress reluctantly upped from $275 billion to $280 billion only three months...