Word: mcmurrey
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...While the oil industry's average wage jumped from $1.87 hourly in 1949 to $2.47 hourly last year, automation boosted production so fast that the labor cost per barrel of finished products dropped from 28.3? to 23.7?. Refinery workers also benefited. For example, as production at Texas' McMurrey Refining Co. increased from $7,500,000 of high-quality motor fuels a year to $22 million, weekly paychecks rose from an average of $82 to $114, and the total payroll increased. Said President Marvin H. McMurrey: "We have never had any trouble with our union people over automation...
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