Word: unionizing
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Dates: during 1950-1959
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...prospective increase in U.S. production in the 1960s is almost as much as the combined current production of Europe's two fastest-growing industrial powers, the Soviet Union and West Germany. In 1960 the effect of increasing defense efforts plus rising capital investment will boost gross national product from $475 billion to an even $500 billion. By 1970, ten years later, U.S. production will have soared to $750 billion for the greatest growth in any decade in U.S. history. To U.S. consumers, the growth will mean $355 billion available in disposable income to spend on goods and services...
Since January, the United Steelworkers union has spent about $500,000 on ads in 40 major newspapers to make its case for an "extra billion dollars" in the pockets of 1,250,000 steelworkers. This is money, says the union, that will bring real benefits to the economy. Union Boss Dave McDonald is not so much interested in a hefty wage boost as in fringe benefits, whose cost is less evident. He is likely to emphasize pension terms, better hospitalization and medical plans, more generous unemployment benefits. But the big firecracker that is sure to set up a ringing...
Actually, McDonald could accept much less. He has beaten down last year's dues revolt in his own union (TIME, Sept. 29), and need not act tough to impress his membership. Nor does he have to bring home a whole ham to keep pace with the wage gains won by other unions. The United Auto Workers' President Walter Reuther settled for a modest increase that poses no threat to steel's position as one of the best-paying big businesses. Steelworker gross earnings averaged $2.88 an hour last year, 35? better than autoworkers and 75? better than...
...McDonald shows no sign of trimming his demands. One of the union's chief complaints is the fact that 80,000 Steelworkers are still unemployed despite the industry's rapid comeback. Employment is up only about 20% since last April, while monthly production has jumped 100%. The union insists that labor is the main factor in the rising productivity, and that the companies can afford to pay more...
What made Meany sore was National City's August letter, which criticized what it termed the "abuses of organized labor's power," went on to defend right-to-work laws, and quoted more than a dozen economists to back its case. Hopping mad, union leaders first wanted to withdraw their funds from National City, then decided to let George do it-on banker's hours. Said Meany, before tweaking the bank for everything from monopoly to Communism: "A most unscholarly collection of myths and half-truths about the American labor movement...