Word: employee
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Dates: during 1940-1949
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Financial control would remain in the hands of company officials, said the Colonel. But the Army would control production, until the Mediation Board, the union and Mr. Hill worked out something. As for the status of Mr. Hill, Colonel Jones cracked: "He is now a former employe."
Social Security, in its present form, is a coin with several faces. The only part of the program which is wholly administered by the Federal Government is the old-age insurance fund, which now covers about 40,000,000 workers in organized industry. Employe and employer each contribute 1% of...
Unemployment insurance, administered jointly by the Federal Government and the States, now covers about 32,000,000 workers. For this fund the employer pays the Government a tax of 3% on the worker's salary. A small part of this tax (1/10) is remitted in States which levy on...
> By increasing old-age payments to 6% (3% each for employer and employe) now, instead of over a period of years, as provided in the Act.
To make these increased benefits possible, Congress will have to raise substantially the tax on payrolls-now 5% for employer and employe together. Upping old-age payments another 4%, as suggested by Treasury Secretary Henry Morgenthau (see p. 77), would bring the total tax to 9%: 3% paid by the...