Word: rising
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Dates: during 1940-1949
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...automobile plant of Henry Ford at River Rouge is organized along almost purely Fascist lines, the professor stated. The strike-breaking methods used by Ford are similar to those used by Italian industry to crush the workers' strike years ago on the eve of Mussolini's rise to power...
...steel companies, Weir's National (now No. 5 U.S. producer) could best afford a pay rise. A low-cost producer with a steady market in the auto and canning industries, National made a profit even in 1932, when the four biggest companies lost $109,800,000. Since National has a low exemption under the excess-profits tax, most of what it pays out in higher wages can be saved in lower taxes...
...wants none, knows well that high wages keep union organizers away. So Weir pulled a fast one: he announced a 10? wage rise, retroactive to April...
...save face (by proving it could do as much for its members as anti-union Weir had done unasked for his employes), C.I.O. had to insist on the full 10? rise which it had proposed originally as a barganing point. Other steelmakers had no way out of following Weir's lead. This week not only did Bethlehem, Republic, Otis, Youngstown Sheet & Tube all grant a 10? wage increase, but U.S. Steel ended the fear of a Big Steel strike by settling with C.I.O. on the same basis. This will raise their labor costs around 16%. Their estimates...
...jump dizzily; last year, when U.S. Steel's operations rose to 80.2% from 60.7% in 1939, profits rose 150%. But the small, unintegrated companies that have to buy all raw materials lagged far behind Big Steel's record last year. These companies maintain that a 10? wage rise means higher steel prices...