Word: boosts
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Dates: during 1950-1959
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...same terms they won in 1956 after a 36-day strike: a three-year contract with a yearly raise of about 15? an hour, plus a cost-of-living escalator clause. Management's counteroffer: either 1) a one-year extension of the present contract with no wage boost and abolition of the present escalator clause that ties wages to the cost-of-living index, or 2) improved pension and insurance benefits, plus a "modest" wage increase next year, in return for union concessions on work rules...
...postwar trend: ever higher wages, ever higher prices-both up about 150% since 1945. With U.S.-made steel all but priced out of foreign markets and losing domestic markets to low-cost foreign steel (TIME. July 20), the steel industry finally decided to hold out against a wage boost unless the union conceded management more freedom to trim costs by cutting down on "featherbedding and loafing...
From Poison Gases. Chemotherapy, broadly defined, got its biggest boost in 1941, when Chicago's Dr. Charles B. Huggins reported that prostate-cancer victims did better and lived longer after castration. The important thing was not the surgery, but the chemistry-removal of the main source of male sex hormones. Similar but less marked benefits resulted from "chemical castration" by administration of a female hormone. In women, some recurrent breast cancers were retarded by female hormones and others by male hormones. But these treatments relied on natural body chemicals, not synthetic magic...
...industry felt that the companies were willing to give perhaps 10? an hour (TIME, June 29) if the union permitted them to reclassify jobs, eliminate featherbedding to take full advantage of automation, make other changes to improve efficiency. Such an exchange, the industry figured, would not boost overall payroll costs, thus causing a rise in steel prices. But the union rejected the swap, arguing that management's talk of featherbedding was "pure, unadulterated bunk...
...customers had enough inventory for seven weeks or more, would still be there as a clamoring market for steel once a strike was over. Steelmen also counted on the fact that U.S. steelworkers, already the highest paid of the Big Three unions, are aware that a wage-and-price boost might bring more inflation to nullify a pay rise, give a boost to foreign competition, and eventually cost jobs in the mills. The most remarkable point of a new Gallup poll out this week is not that 51% of those polled said that steelworkers should get no pay raise...