Word: minimum
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Dates: during 1950-1959
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...industry-hungry South, the federal $1-an-hour minimum-wage law protects workers in the big new plants shipping goods in interstate commerce, but Deep Dixie has massively resisted state minimum-wage laws to cover local industry and retail businesses fattened by the new payrolls. Last week progressive North Carolina (TIME, May 4) broke the Deep South line with a 75?-an-hour minimum that assured prompt raises for 55,000 low-paid Tarheels...
Businessman Governor Luther Hodges made the wage floor a key part of his legislative program two years ago, got it to floor debate after ten years of death-by-committee. This year, backed by a determined band of freshman legislators, Hodges insisted on the minimum wage as necessary paving on the state's road into the future. Said he: "Employers can afford it, employees deserve it, and the state's economic progress demands...
...billion in foreign time deposits in U.S. banks, foreign-held U.S. Government securities and similar claims. In the unlikely event all foreign claimants demanded to be paid off in gold at once, the gold backing for U.S. currency would drop to $3.7 billion, a third of the legal minimum...
...money but to bring down prices. Grenoble families are saving $160,000 a year through new lower prices." To any Frenchman wanting to open a Leclerc-style store, he will teach his selling methods free. His only requirement: they must agree to hold to his policy of low overhead, minimum profit...
...boats took off from the M.I.T. Boathouse and held the lead for three-quarters of a mile, with McClennen hanging back in second place. After half a mile, Hudson was ahead by a length and a half, but McClennen's low stroke was handling the rough water with a minimum of effort...