Word: labor
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Dates: during 1960-1969
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...Union boycotts generally have been ineffective. Indeed, at the scheduled start of the G.E. boycott on the day after Thanksgiving, no pickets showed up in major cities, though the unions promise that there will be many this week. Its determination is a sign of the growing bitterness in U.S. labor relations. Union men, whose pay raises in the past few years have barely kept pace with price boosts, increasingly feel that corporations and the Government are taking advantage of them by urging the acceptance of moderate wage hikes as part of the fight against inflation...
...middle of this week, the U.S. could face the worst labor trouble of the year: a strike by 15 shop unions against the major railroads. The indications last week were that a settlement would be reached in time to prevent the walkout. If the strike occurs, however, President Nixon will probably have to break his pledge to keep hands off union disputes and request special legislation to settle the walkout. Whatever the outcome, the U.S. has reason to be uneasy. Unions will have to negotiate new contracts for some 4,000,000 workers next year-in what seems certain...
...ideal of an economic Utopia. Sweden has the world's second highest per capita income; Denmark, Norway and Finland also rank high. All four are free of slums, hunger and extreme poverty. All enjoy steady economic growth combined with full employment. By contrast, the U.S. is beset by labor unrest, rising unemployment and slow growth. How do the Scandinavians do so much better...
...find out, TIME London Correspondent Lansing Lament toured Scandinavia for two weeks, talking with government, industry and labor leaders. "Other nations," he reports, "may be plagued by jolting strikes and shutdowns, but in Scandinavia relations between workers and employers remain remarkably serene. This tranquility between such traditionally adversary forces seems at times as magical as a Hans Christian Andersen fairy tale. It also happens to be the special glory of the Scandinavian economic system...
Every two or three years in Sweden, representatives of labor and management negotiate an umbrella agreement, setting the rates for wage increases across the country. The terms are then written into detailed contracts for each industry. New contracts negotiated last June provided for an increase of 6.5% during the first year, plus another 3.5% the second year. One reason why employers can afford such increases is that the LOs enthusiastically cooperate in raising productivity, which in Sweden alone has gone up at an average of more than 7% a year during the 1960s...