Word: labor
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Dates: during 1960-1969
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Third, the President's statement continues a regrettable Administration practice: the almost ritual invocation, whenever a labor dispute develops, of the magic number, 3.2. Indiscriminate use is beginning to obscure the economic reasoning behind this figure. The reasoning is simple: To prevent inflation, no wage increase should exceed the percentage rise in labor productivity in the industry involved. Progress in productivity if of course uneven across the economy, varying considerably from industry to industry. Citing the national average of 3.2% during every dispute is simply not logical; nor is it fair to the workers involved, who may deserve more...
John T. Dunlop, David A. Wells Professor of Political Economy, has been asked by Gov. Nelson A. Rockefeller to be one of five labor experts on a panel which would recommend methods of avoiding strikes by state and municipal employees in New York...
Serving with Dunlop are E. White Bakke, director of the Labor and Management Center at Yale, George W. Taylor, professor of labor relations at the University of Pennsylvania, David L. Cole '21, chairman of the advisory committee of the labor-management center of the American Arbitration Association, and Frederick H. Harbison, professor of industrial relations at Princeton...
...summoned to Washington for a confrontation with Ackley and White House Aide Joseph Califano. After 90 minutes, Ackley called in newsmen to repeat his foregone conclusion: Bethlehem's price move was unjustifiable. Meanwhile, other Administration officials warned executives of other steel companies against following Bethlehem's line. Labor Secretary Willard Wirtz, for one, tried to persuade Chicago's Inland Steel, next only to Bethlehem and U.S. Steel as a producer of structural shapes, to stand pat. Wirtz had every reason to believe that Inland and its Chairman Joseph L. Block would cooperate: after all, it had been...
...this wage amounts to about $6200 a year, which is not exactly a lavish sum on which to bring up a family in New York City. It is, in fact, below the level of "modest but adequate" budget for a family of four set by the Labor Department. Persons who are worried about the impediments to social mobility in this country ought to be able to see that it is not all that easy for a man with a $6200 income to send several children to college. Just because there are other people who ought to be making more money...