Word: man-hours
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...goals-and its enlightened means of reaching them. Said he: "Government [should] recognize . . . that no act of Government can increase the national wealth, insure the national security, or raise the living standards of the people unless that act helps to bring about a higher productivity per man-hour on every front of the economy . . . Only by a higher production of goods and services per man-hour . . . can we provide higher wages, shorter hours, longer vacations, old-age security and all the other social benefits...
...Salary cuts for the Royal Family, 56. To help solve both a political and a man-hour problem, a European country appointed not one but two Foreign Ministers. Which? 1. France...
After that he thinks that over-production of civilian goods may cause a recession. He pointed out that there is currently more output per man-hour ($35 billion) than is used for defense ($28 billion). This recession will be mild, he thinks, because a slide-off in government spending, the excess profits tax, income tax cuts, more consumer buying, larger budgets for state and local public works, and no decrease in residential building may help forestall any serious collapse...
...coal, rubber and other industries will stand firm against demands for big boosts. If the companies don't-and many won't be able to in the light of the steel boost-WSB will probably find an put with "productivity" increases, i.e., raises to compensate for greater man-hour out put. It will probably turn out that the bigger and stronger the union, the bigger the "productivity" raise...
...week, negotiators for Big Steel and Big Labor almost made it. In Washington, a three-man industry subcommittee headed by Jones & Laughlin Steel's Ben Moreell sat across the table from a labor trio headed by Steelworker Boss Phil Murray. Point by point, they took up each economic issue, e.g., pay raise, holiday pay. They made tentative agreements, went on to the next issue. Finally, they approached agreement on a wages-benefit package which would eventually cost the company 24.6? per man-hour (present average hourly wage...