Word: forded
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Dates: during 1950-1959
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...York Post: The agreement between the Ford Motor Co. and the Auto Workers Union is a landmark of industrial democracy in the U.S. According to the ancient Marxist cliches, the union's demand should have precipitated a long and violent class struggle. Walter Reuther was advancing a proposition that would have been generally considered revolutionary two decades ago. There will be diehards who call young Mr. Ford a "traitor to his class." But in the history books he will be remembered for a contribution to the social engineering of this century as momentous as the mechanical wizardry...
Cleveland Plain Dealer: The Ford agreement is the camel's nose under the tent. No one can doubt that the camel will work its way into the tent. Whether in fact the principle it has established produces the benefits anticipated, or starts the American economy on the road to stagnation depends in large part on the resilience of industry and its ability to react to new conditions...
Chicago Tribune: There is only one place where the Ford company can get the money for this increase. That is from the sale of its products. The unorganized portion of the public, which is three workers out of every four, gets the full impact of the price increases without any extra income. The result is inflation, reduced consumption, and reduction in the number of jobs for which no annual wage can compensate...
Wall Street Journal: Suppose the settlement had been on the basis of the company's proposal, which would have enabled the workers to buy bonds and Ford stock. Is a company-paid dole preferable to ownership in the company? By contrast with the Ford offer, the settlement the union demanded and got is a throwback to a darker age of labor relations. Yet, because the union leaders arbitrarily insisted on this one preconceived plan, they could not even consider alternatives that might have been far more valuable to those they represent...
Salt Lake City Tribune: Ford may be able to carry the increased load. But what of the smaller companies? A guaranteed annual wage could easily "guarantee" them right out of business. Labor must give more consideration to ownership. Profits are not guaranteed and, short of socialism, never will be. If there are no profits there will be no wages, guaranteed or otherwise...