Word: steels
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Dates: during 1950-1959
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Meanwhile steel disputants today awaited President Eisenhower's decision on invoking the Taft-Hartley act to end the 86 day steel strike, worst in the industry's history...
With President Eisenhower apparently about to invoke the injunction provisions of the Taft-Hartley Act in the national steel strike the CRIMSON questioned three professors in the Department of Economics for their opinions on the issue...
...price them out of both the domestic and foreign markets. It is "terribly important to stop the wage-price spiral at this juncture," he said, by settling without a price increase. Chamberlin agreed that "the real issue of inflation is the reaction on other wages. Whether the price of steel will have to go up is "only a small part of the problem...
Dunlop, however, thinks a settlement without a price rise is "unlikely," but minimized its inflationary effect since all the other outstanding contract negotiations this year have already been decided. "Steel will follow, not set the pace," he suggested...
...corporation also said that it will have to begin closing many assembly plants, starting with Chevrolet the first of October, although it thought it could keep some Chevy plants running to Nov. 1. Chrysler said it will start shutting down in November. Even Ford, which makes 40% of its steel at the integrated Rouge plant, expects to be hit by early December. This week at his press conference President Eisenhower said he was "getting sick and tired of the apparent impasse." Free collective bargaining, added Ike, "the logical recourse of a free people in settling industrial disputes, has apparently broken...