Word: hiked
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Dates: during 1940-1949
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Thus at a time when management seemed determined to yield mighty few inches in any industry, Amalgamated had got its usual ell. For his 150,000 overcoat and suitmen, President Hillman reported a 20% to 31% pay raise amounting to $60 million (with no hike in clothing prices); and including six paid holidays and continuation of insurance benefits at the employer's expense. For his 45,000 shirtmakers, he announced a 20% raise with like trimmings...
This was exactly what OPAster Bowles had been preaching right along. But there is one catch in this theory: there are small manufacturers of electrical appliances who may not be able to hike their production much above their prewar output. For them the OPA price ceiling may mean losses...
Manufacturers protested. They claimed that they needed at least a 15% hike in prices to cover higher labor and raw-material costs. Distributors squawked that they would be squeezed out of business...
...hike in vacation pay from $50 a year to $75. (Because stocks of coal are critically low, the miners will forego their time off, but will collect vacation money...
...comparing prices during the darkest days of the war with February prices, Eccles had made the bull market appear falsely sensational. Actually, after three years of prodding, investors had accomplished no more than to hike stock prices from their low after Singapore's fall to only a few points above their values at the time war began in 1939. To most investors this modest recovery did not seem like a runaway market. But the red flag waved by Eccles was a signal for a tactical retreat...