Word: labor
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Dates: during 1960-1969
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...Merrick has produced 22 moneymakers and eleven smash hits. On an investment of $7,000,000, Merrick has grossed $115 million and shown a net projected profit of $14 million. In recent years he has regularly employed more than 600 people-about 20% of the theater's total employed labor force. Operating on such a scale, he has cut production costs and in general checked the flight of angels, actors, authors and audiences to the mass media. "Let's face it," he smerricks. "I am the greatest theatrical producer who ever lived...
...months wrangling with the Shuberts about a theater and three months working up an advertising campaign and two months in rehearsal and two months on the road and-and then at last the great day came. After three years of brain-bruising, tongue-twisting, leg-laming, wallet-wrecking labor, Fanny opened on Broadway with an unprecedented advance sale of $1,000,000 And then ran into trouble. Most of the critics liked the show, but they said so in such dull reviews that the public stopped buying tickets...
Unemployment in the U.S., at latest count, stands at 3.7% of the labor force, lowest since the Korean War. Gardner Ackley, chairman of the President's Council of Economic Advisers, recently called the developing labor shortage the U.S.'s single most serious inflationary threat. That the shortage is already critical in many areas has now become abundantly evident across the nation...
Imported Mountaineers. To staff its mills in Chicago and Gary, where the labor market is at its tightest, U.S. Steel announced last week that it would try to recruit 1,000 workers in Pittsburgh. According to San Francisco's Ampex, the necessity of looking farther afield for technicians has increased its recruiting costs from $3,000 to nearly...
...having invested more capital in the U.S. than it has taken from the U.S. ($1 billion v. $450 million), has dropped the special incentives it once offered but does not discriminate against foreign investment. The government favors highly automated new industries that make small demands on scarce Dutch labor, wants more Dutch participation in foreign subsidiaries. Netherlands businessmen feel emotionally drawn to the U.S. more than to any of the members of the Common Market...