Word: hikes
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Dates: during 1950-1959
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...treated to an old, familiar spectacle. With flourish and fanfare, the representatives of the U.S. steel industry's management and labor sit down to negotiate a new wage agreement, working against the steadily approaching threat of a strike deadline. Labor cockily demands a fat wage hike-and management just as cockily turns it down. Eight times since World War II they have fought their suspenseful duel; five times it resulted in strikes, three times in an early agreement. This week the U.S. was up against the old deadline once more. But this time there was a vital difference...
From the Ashes. Unlike many of his predecessors, Blough is also a man with a world view of steel. Though the U.S. steel industry is fat this year, Blough asks himself whether the steel industry can afford a wage hike in terms of world-market trends. His answer is no, and his reason is the great change that has taken place in world steel production. At World War II's end, the U.S. accounted for 54% of the world's steel production. But the war, in cruelly efficient terms, had proved a blessing in disguise for many foreign...
...their battling over steel negotiations, both management and labor naturally pick the figures that best prove their case. Determined to hold fast against any wage hike, industry points out that the steelworkers' average hourly wage of $3.08 is higher than in all but a handful of U.S. industries (coal, glass, construction). According to industry statistics, postwar wage costs have risen nearly twice as fast as the cost of living. Replies the union: average earnings do not mean anything, because the majority of steelworkers have to work at incentive pace and on undesirable shifts and normal off-days to achieve...
Since McGinnis left the New Haven, the line has increased its commutation fares three times, for an overall hike of 40.91%, and President Alpert recently announced that he is after another, averaging 6.26%, effective July 1. At the same time, the New Haven last year cut its equipment-maintenance costs by nearly $4,000,000, its ways-and-structures maintenance by nearly $2,000,000 (the New Haven says partly because of improved methods). The results of using aging, ill-kept equipment are clear for all to see and suffer: the latest monthly figures show that no fewer than...
...with an hourly boost of about 30?. But just before they signed,Joseph Frederick, local president for 25 years, had an unusual idea. Among them, his 1,300 men have 2,436 children; 94 are of college age. but only 21 are in college. Why not forgo the wage hike, start a college fund for members' children? The men voted in favor unanimously: the employers enthusiastically agreed to kick in a 3% payroll tax. Result: $15,000 annually for four scholarships at Adelphi College, with more likely next year - apparently the first and only such union fund...