Word: dropped
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Dates: during 1940-1949
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Softening Spots. Further drops in the cost of living promised to ease the wage pressure still more. The average retail drop in the price of meat since last September's peak, said the National Association of Retail Meat Dealers, was estimated between 15 and 20%. Packers were keeping their fingers crossed on whether the drop would continue, but they thought that meat would be in "pretty good supply for the rest of the winter," thanks to the bumper corn crop...
...drop in consumer demand had brought a buyers' market in textiles, electric appliances and many another line, it was also bringing something like a buyers' market in labor. There was a sharp rise in the number of jobless in some states. The layoffs were also caused by a seasonal slump in building, and shutdown for inventory-taking, retooling, etc. In New York, the number getting unemployment benefits jumped from 320,544 in November to 461,280. But in such places as Pittsburgh and Detroit, there was no letup...
...arouse its suspicions. FTC said it would suspect conspiracy whenever: 1) prices quoted by competing firms stayed uniform over any length of time, or were changed in concert; 2) competitors whose prices were unusually low were squeezed out or "disciplined" some other way; 3) companies habitually accepted a drop in sales rather than cut their prices...
These stipend adjustments can be covered by surplus funds only for another year or two, Bender says. "What may happen in future years, however, particularly if there are further increases in College charges as enrollment drops ...gives cause for grave concern..." The number of scholarships must not go down, the report says, if "the College is to have a democratic national student body." But when surpluses evaporate, the number of scholarships or the size of grants will have to drop, Bender goes on, unless a new solution is found
Down Prices, Down Pay. Cleveland's Lincoln Electric Co., whose wages are tied to living costs, cut the pay of its 1,089 workers by 2½% to 3% to match the recent drop in the cost of living. The employees could afford it: under its incentive payment plan, Lincoln Electric, only two weeks before, had given out bonuses oi $3,821,973, equal to 104% of the annual payroll...