Word: labor
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Dates: during 1960-1969
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They may ultimately be used as bargaining power, just as the strike is used by the Labor Unions...
...with his family for a weekend in the West Virginia mountains, Labor Secretary Willard Wirtz, 55, paused along the Cacapon River, fell into conversation with Douglas Dolan, a postmaster who owns property there. Suddenly a shout went up that two of Dolan's nieces, Deborah, 12, and Nancy, 21, were being swept downstream by the rain-swollen current. The Secretary stripped to his shorts, plunged into the river, overtook the girls and held them steady in the swirling water until a motorboat could get to them. "I was about to go under for the last time," said Debbie...
...reported last week, many a corporate executive might wish that stockholders would believe the figures did not really count. Though hopes were high that the chart lines would soon be moving up, the news in the latest batch of reports was largely negative. Profits had been caught between higher labor and material costs and lower consumer demand. The Wall Street Journal, surveying earnings of 528 companies, found that their aftertax profit for the second quarter was 8.1% lower than last year's. In a similar survey of 500 corporations, the New York Times tabulated a 5.28% half-year drop...
...Just Warm Bodies. Kelly loftily contends that it is not just hiring out people. Instead, it is dealing in labor "systems." Tapping a work force of 130,000 through 276 offices in the U.S., the company provides teams for programming computers, can muster 50-man cadres for overnight inventories of department stores on a few hours' notice. Tellers trained in a special Kelly program help banks in 40 cities get through Monday and Friday rush hours. And an IBM 360 computer at Kelly's Detroit headquarters keeps track of a roster of Kelly technicians, including draftsmen and engineers...
Anticipating growing competition, Aeolian in 1951 moved Ivers & Pond south to Memphis and built the company's largest and most modern piano plant. It was close to the supply of high-grade wood, opened untapped markets, and, for a while at least, labor costs were considerably lower. Nevertheless, even a low-priced piano takes about six weeks to manufacture, while a more expensive one can take up to six months. As President Henry R. Heller Jr.-the grandson of the company's co-founder-puts it: "We can mass-produce to a point, but when you reach...