Word: hurts
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Dates: during 1950-1959
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...professionals are members of the National Association of Manufacturers and the U.S. Chamber of Commerce. For labor, the leader is John Lewis, who pulled his mine workers out of the A.F.L. (for the second time) after it declined to boycott the act. It was also Lewis who was most hurt by the act when the U.M.W. was fined $1.4 million for refusing to obey a no-strike injunction issued under Taft-Hartley...
Other big unions apparently have not been hurt by Taft-Hartley. But it probably has hit some weak unions. Under Taft-Hartley, workers striking for economic reasons -may not vote in plant elections. Hence, an employer can hire non-union workers, hold an election and exclude the striking workers. Dwight Eisenhower views this as a "union busting" license, and wants to prohibit such votes until the strike is at least four months old. Even so, there is little solid evidence of Taft-Hartley's overall effects, good...
None of his colleagues backed McDonald on this scheme. Free-trading commissioners feared that to propose it would be to admit that tariff cuts actually would hurt home industries. Protectionists ridiculed it, for it struck at the heart of their arguments: by automatically compensating for damage to industry, the only valid reason for tariffs is removed. Gene Milli kin called it "government trying to play the Deity with our economic system." Such statements overlooked some figures computed by the U.S. Labor Department: each week 300,000 newly unemployed workers apply for jobless insurance; but cutting all tariffs in half would...
TIREMAKERS expect 1954's production to equal or exceed last year's 100,500,000 units. A drop in auto output would hurt some companies which do a large original-equipment business, but not affect others (e.g., General Tire, Armstrong Rubber, Seiberling) which supply the growing replacement market. Prices will be about the same...
Thumbs Down. Since nonstrategic trade is permissible and butter is not strategic, the only questions left to the Cabinet were price and the effect on allied butter exporters. Benson feared that dumping so much butter would upset the world market and hurt friendly countries...