Word: spiral
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Dates: during 1940-1949
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...would organized labor, which held the keys to production and another spiral of wage boosts. But labor was restive; there were plenty of warnings about what it might do if prices rose all along the line. Snappish Walter Reuther said that his autoworkers would break every contract and reopen wage negotiations; the C.I.O.'s packinghouse workers gave notice that they would demand a cost-of-living bonus in their new wage contract talks next month...
Most important, the abnormal demand for food, clothing and other consumer goods has been partially filled. The return to normal demand should put a crimp in prices. In any case, the spiral of wages & costs cannot rise indefinitely, as long as production is increasing. The fact that wages usually lag behind rising prices will bring acute hardship to many. But it will put an ultimate ceiling on prices. As purchasing power drops, prices will have to come down also...
...which he estimated would cost the public an annual $250 million. They listened as U.A.W.'s Chrysler workers, who had won an 18½? wage boost in January, served notice of another wage demand. The Washington economists, who had hoped they could prevent a boom & bust, saw the spiral still spiraling upwards...
...latest gesture to the upward spiral of living costs, the University has granted pay raises to as 10 percent to its non-academic employees. Yet Harvard officialdom seems callously unconcerned about the needs of its student workers who depend upon the pay of their term-time jobs to meet a sizeable portion of their college expenses. Wages for students employed by or through the University have remained unchanged since long before the war. Baby-sitters still receive 25 cents an hour; House librarians, 35; students working in the dining halls or on odd jobs are paid 60 cents an hour...
...occupation of Germany was costing U.S. taxpayers $1 billion a year and British taxpayers $300 million. There was no prospect of reducing that burden unless the British and Americans found a way of putting Germans to work. In the western zones, production was in a slow downward spiral which might become a rapid decline within six months. Some figures from the British-administered Ruhr told the story. On March 3 the average miner there was producing 2.76 tons of coal a day. On March 4, the British cut his rations by 15.5%. The miner's productivity dropped on March...