Word: labor
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Dates: during 1960-1969
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...University of Michigan, Ackley said: "The policy we have relied on-our wage and price guideposts-is surely far from ideal, and has recently suffered some stunning defeats. But what is more disappointing than the specific defeats is the absence of much apparent recognition on the side of either-labor or management that this problem must be solved if we are to maintain full employment and the full measure of wage and profit incomes that only a full-employment economy can provide...
...International Association of Machinists put the U.S. Government in an uncomfortable position. As has happened in the past with striking railroaders, the contract defeat left the Government no choice except to act. But in an election year, when politicians of all stripes are exceedingly sensitive about the labor vote, nobody in Washington wanted to be the one to say "obey...
...unhappy concern of a House whose every member is up for re-election this fall. Opening hearings on the Senate measure last week, Chairman Harley O. Staggers of the Commerce Committee protested that the proposed resolution "would set back the cause of collective bargaining 50 to 100 years." Labor Secretary Willard Wirtz agreed with Staggers that legislation weakens collective bargaining. "But," he said, without alluding to the Administration's sorry performance, "this time collective bargaining has fallen on its face...
Overworked and Fallacious. Block has long since wearied of the fact that the guideposts hampered both management and labor, and appeared to apply more to some industries than to others. "The thing that gripes me," he said last week, "is the overworked and fallacious idea that steel is the key. Steel and a few other so-called basic industries are expected to adhere rigidly to the prevailing prices while thousands of others, many concerned with such essential elements of the cost of living as food, clothing and shelter, go their merry way and raise prices at will...
Britain's steel industry faces nationalization for the second time. The bill now in Parliament, which would buy out the 14 major private steel firms for $1.358 billion, is designed as much to demonstrate that the Labor Party still has some socialist beliefs as to modernize the industry. That nationalization will reform British steel is doubtful, but private industry has done little in the 13 years since steel was denationalized, and few would disagree with the Observer that "British steel is a mess." Now, even in the British domestic market, imported pig iron, at $53.20 a ton, undersells...