Word: higher
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Dates: during 1950-1959
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...seven meats, two kinds of fish, ten vegetables, salad, desserts, coffee, milk and fruit juices. On the subject of halting H-bomb tests, he made his position clear: "I haven't had anything much to say about that because I believe that everything should be governed by the higher understanding as given or handed down from one state of consciousness to another...
Settlement? Detroit dopesters expect that the U.A.W. will settle soon for very close to what management offered originally-the extension of current contracts -plus a few face-saving fringes, such as higher and longer supplemental unemployment 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...
...reasonably full employment" could be achieved along with stable prices, generally agreed that it would average out at 96% employment, or 4% unemployment. If unemployment rose above 4%, they felt that lowered purchasing power would cause prices to fall; if unemployment dropped below 4%, increasing demand would push prices higher. Now they know that this level no longer applies. The level of unemployment is getting progressively higher simply because the mere availability of labor or products has less and less effect...
...same way, wages are growing more and more rigid. They are on a ratchet, clicking steadily higher, but locked against any slippage downward. Despite the recession, there are so many escalator clauses, unemployment benefits, and automatic increases that wages this year are still going up (see State of Business). The belief that rising productivity will make up for wage increases, thus holding prices stable, has also proved false-at least in the short run. In 1957 wages jumped 4.5%, yet output per man-hour rose only 1.8%-and prices jumped 3%. The Government, with its farm subsidy and other...
...Maritime Board a small loophole: it can decide in each individual case. Nevertheless, the shipping interests fear that shippers will break loose from the conferences, fight the independents in an all-out price war for cargoes. U.S. lines would be particularly hurt by such a war because they have higher costs than foreign lines. But few shippers are likely to pull out of the conferences right away. Four hours after the court handed down its decision. Maryland's Republican Senator John Marshall Butler introduced a bill in Congress to make the dual rates legal. Powerful shipping interests will push...