Word: hikes
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Dates: during 1960-1969
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...Bureau and the Treasury to work out some recommendations, put his men to work drafting an economic message that will outline a series of at least half a dozen specific actions. There will almost certainly be no general tax increase right now, partly because Johnson believes that such a hike would hurt Democrats in the coming elections and partly because he feels that asking for it now would give Republicans an excuse to gut some of his Great Society programs. Instead, the President will probably call for a temporary suspension of the 7% investment credit to business, a move that...
...last week, A.F.L.-C.I.O. Vice President Walter Reuther's United Auto Workers demanded that the contract, which still has a year to run, be renegotiated for some 200,000 pipe fitters, millrights and other craftsmen. The U.A.W. in sisted that such workers get a $1-an-hour wage hike, so as to put them on a par with other building tradesmen in the Detroit area. The Big Three turned the U.A.W. down cold, whereupon 1,300 workers picketed Chrysler headquarters with placards demanding "More...
...seemed unreasonable, they were not much more so than the ones made by 22,000 Transport Workers Union machinsts employed by Pan Am and American Airlines. Under pressure to outdo the rival I.A.M. machinists, the T.W.U. has since July deadlocked contract negotiations with obstinate calls for a 30% wage hike and ghoulish threats of what may happen if their demands are not met. Said one T.W.U. official last week...
Dillying & Dallying. The final settlement, accepted by a vote of 17,727 to 8,235, is retroactive to Jan. 1, gives the machinists a three-stage pay hike that will lift the earnings of the top-rated mechanics from $3.52 an hour to $4.08 an hour by May 1, 1968. The pact also boosts holiday pay from double time to double time and a half, calls for 50-an-hour company contributions (up to $2 a week) toward health and welfare plans, provides the union with what the airlines fought longest and hardest to avoid: an automatic further pay increase...
...went on television to denounce American steel-men-most particularly U.S. Steel's Roger Blough-as a band of economic bandits for having raised prices in violation of the guideposts. At that time Block refused to go along with the industry in proclaiming a price rise. A price hike was "untimely," according to Block, and Inland would keep prices where they were. Under presidential pressure and a clear market threat by Inland, the rest of the industry followed suit. Ever since, Block and Inland have been, in the words of a colleague, like "the bastards at the family reunion...