Word: man-hours
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...there will be 69 million jobs, 7.5 million more than in 1950. A drop of 2.3 hours in the non-farm workweek will put the average worker on a 36.5-hour week, but his productivity, while it can hardly match the last decade's 47% rise, is expected to be up 25%. National income per man-hour worked will be $2.68 (v. last year...
They pointed out that Studebaker was paying its employees an average hourly rate of $2.39, v. the $2.03 average paid by its competitors in the auto industry. Furthermore, man-hour output in some Studebaker divisions was as much as 20% below that of other automakers, fringe benefits were higher, and an antiquated seniority clause had cost the company $789,000 in the first four months of 1954. Obviously something more would have to be done. Horvath & Co. were convinced, and in 26 meetings and 150 negotiating hours, hammered out a new contract calling for a wage cut. Said Horvath: "This...
Standard has kept production high and costs down with the help of an incentive payment plan. The company, which pays its 12,000 workers a good (for England) minimum weekly wage ($14 for men, $10.50 for women), provides increases for any group of workers which lowers the man-hour cost per unit. Says he: "If all British industries would adopt such an incentive scheme, we'd clear up our economic troubles overnight...
Business and labor alike evolved a new philosophy: each could gain a bigger slice of a bigger pie by more intelligent cooperation. Labor, which once fought technological change, came to see that improved machinery raised real wages by raising man-hour output and lowering costs and prices. Industry, which once fought unionization, came to see that unions themselves could help boost productivity, and that good morale among work...
Business and labor alike evolved a new philosophy: each could gain a bigger slice of a bigger pie by more intelligent cooperation. Labor, which once fought technological change, came to see that im proved machinery raised real wages by raising man-hour output and lowering costs and prices. Industry, which once fought unionization, came to see that un ions themselves could help boost productivity, and that good morale among work ers could release great untapped energies. This new philosophy reached its most dramatic fruition in a revolutionary contract which General Motors' President Charlie Wilson made with the United Auto...