Word: upcreep
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Dates: during 1960-1969
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...high cost of living. Paradoxically, the public feels, by a margin of 8 to 5 in a Gallup poll, that the Democratic Party, rather than the Republican, is more interested in trying to hold down prices. In public opinion, apparently, the long spell of price upcreep beginning in 1956 cancels out the Administration's stress on the goal of sound money...
...neglect" of fiscal policy had seriously hurt the economy. The majority report rapped G.O.P. emphasis on "tight money" as an economic stabilizer, urged renewal of the Truman Administration's "easy money" policies. Credit restraint by the Republicans, charged the report, had not only failed to halt price upcreep but had also slowed the growth of the economy. Giving themselves the best of the Korean war boom, the Democrats contrasted a 4.6% yearly increase in the U.S. gross national product from 1947-53 to a sluggish 2.3% annual rate of increase since 1953. Within easy reach by Democratic reckoning...
...days is quality," said Merchandising Manager Sophy Tepperman to out-of-town buyers. But women-and their husbands-have to pay the price for it. "You just can't expect to find the same quality in a $29.95 dress as you did five years ago." Between the price upcreep and the new desire for better things, retailers expect first-half sales to rise about...
Ammunition Shortage. At the outset of their struggle with the union the steelmakers had plenty of backing in their campaign for a noninflationary settlement. In mid-1959 the public was fed up with price upcreep, and so was the Administration. Steelworkers themselves were far from eager to strike for wage increases that would probably be nibbled away by price increases. And with U.S. steel companies losing markets to foreign competition, the industry had a strong new argument for holding down labor costs...
...outcome of the steel strike leaves a deep, dark question unanswered: How can the U.S. make the reality of Big Union power fit in with the other realities of the U.S. economy in the 19605? During the 1950s, Big Union power became a chronic source of cost-pushed price upcreep. Despite McDonald's public relations triumph over steel, the nation is still tired of that upcreep and is groping for ways of halting it. And ahead looms the newer, more urgent problem of competition from the rebuilt industries of Western Europe and Japan. The power of Big Labor...