Word: strike
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Dates: during 1950-1959
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What had Democrat Stevenson done to offend? He had aggrieved Democrat McDonald by speaking out forthrightly on the steel strike that had dragged on for 116 days until interrupted by a Taft-Hartley injunction, and that threatens to erupt again when the So-day injunction runs out in late January...
Public Disgust. The steel strike, said Adlai Stevenson in a speech to the Institute of Life Insurance in Manhattan, marks "the end of an era. Everybody is agreed that this cannot happen again, that the public interest is the paramount interest, and that irresponsible private power is an intolerable danger to our beleaguered society." To keep it from happening again, Stevenson proposed that Congress arm the President with an arsenal of new antistrike weapons, ranging from boards empowered to make settlement recommendations (present law bars Taft-Hartley boards of inquiry from offering recommendations) to compulsory arbitration if the two sides...
...Stubbornness and irresponsibility on both sides have blurred the issues in the U.S.'s most momentous labor-management clash since the 1930s, and the Eisenhower Administration has contributed to the blurring. Within itself, the Administration is divided on the steel strike. Labor Secretary James Mitchell favors a settlement on almost any terms, played a behind-scenes role in California Steelmaker Edgar Kaiser's defection from steel's solid front to make a separate settlement (TIME, Nov. 9). Opposed to Mitchell are White House economic counselors led by Presidential Adviser Raymond Saulnier, who insist that the U.S. public...
...background fact of the steel strike is the U.S. economy's pressing need for a hold-down on production costs. Round-after round of wage boosts followed by price boosts has brought not only price upcreep at home but also loss of export markets abroad. Western Europe's rebuilt industrial plants, more modern on the average than the U.S.'s, confront U.S. industry with increasingly rugged competition. In late 1958, the U.S., for the first time since the igth century, became a net importer of steel instead of a net exporter...
...basic 2-B dispute has been befogged by both sides: by McDonald's charges that the steel industry is out to "bust the union," and by the industry's failure to explain its case to the public. But behind the fog, the issues in the steel strike-whether an economy beset by price upcreep will be subjected to another inflationary steel settlement, whether an industry already pressed by foreign competition should accept another upthrust of wage costs, whether collective bargaining is a one-way or a two-way street-still loom in the background, confronting the U.S. Government...