Word: labor
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Dates: during 1960-1969
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Strikes by public employees became commonplace, and union memberships increasingly disavowed contracts negotiated by their leaders, threatening to upset a pattern of stable labor relations built up over a generation. Even the two-party system was threatened, as millions of Americans, mostly lower-middle-class voters demanding law and order and resentful of Negroes' demands, responded to the egregious slogans of George Wallace...
...Ph.D. in economics from Iowa State, Henderson is a man of fearsome energy. He is a longtime consultant to the U.S. Government on Negro affairs, helped develop the federal poverty program, and is chairman of the Task Force on Occupational Training in Private Industry for the U.S. Departments of Labor and Commerce. He has dou bled Clark's budget to $3,000,000 since he became president...
...surtax at midyear, much of its effect was washed away by another big factor. While taxes went up, wages went up much faster. During the year's first nine months, about 3,400,000 unionized workers won pay raises averaging 7.5% annually, the largest gain since the Labor Department started keeping track 14 years ago. For the year as a whole, wages and benefits rose about 7%, while productivity increased only 3.2%. The result was that so-called unit labor costs jumped 3.8% -and the consumer had to pay for the jump...
...than the experts had expected. This year, they went on something of a spree, correctly sensing that the prices of almost all goods and services were bound to rise. Such expectations become powerful economic forces, creating an inflationary psychology that is now firmly embedded in the thinking of businessmen, labor leaders and investors. Even after the tax increase, consumers rushed to buy practically everything. Their appetite for the well-styled 1969 autos was particularly keen; sales this year will reach an alltime high of about 9,600,000 cars. The U.S., with its 60 million families and 100 million cars...
Terse Releases. Like many huge corporations, U.S. Steel is far too complex to be run by a single man. Under the new setup, Gott will direct the master planning, while the gregarious Speer will execute and expedite policy decisions. Larry, a poised and articulate public relations specialist, will handle labor negotiations and probably share with Gott the role of the industry's unofficial ambassador to Washington...