Word: spiralling
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...newsmen, Lockheed president Bob Gross proudly displayed the 92-ton Constitution, biggest plane ever built for the U.S. Navy. The Constitution will be slightly slower (300 miles an hour) than its sister ship, the Constellation. But it will carry 180 passengers on two spacious decks connected by spiral stairways, will have a 6,000-mile range (v. a maximum of 67 passengers and 3,000 miles for the Constellation...
...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...