Word: wage
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Dates: during 1930-1939
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Though he was letting down the bars of the anti-trust laws that industries might coalesce to regulate prices and wages, the President promised to "stand firmly against monopolies that restrain trade and price-fixing which allows inordinate profits or unfairly high prices. . . . I am fully aware that wage increases will eventually raise costs, but I ask that managements give first consideration to the improvement of operating figures by greatly increased sales to be expected from the rising purchasing power of the public. That is good economics and good business. . . . If we now inflate prices as fast...
When a trade group thought it had settled its wage, price and output problems, it would apply to General Johnson's office for a hearing. The advisory board would designate officials to find out if the trade group was representative of its industry. Other officials would bend their ears to representatives of labor in the industry, still others to consumers of the industry's products. The combined findings would be handed over to the Administrator, who would finally take them to the President for approval. Recalcitrants would be firmly kept in line by a licensing system, operative...
Into Line. First to submit a model code was the cotton textile industry, through a committee said to represent two-thirds of the textile millers. Pending approval in public hearing June 27, the code provides a minimum wage of $10 a week in southern mills. $11 in the north, a 44-hr, week, and acknowledgement of employes' right to collective bargaining. The coal men in Chicago were preparing a code. The American Petroleum Institute was also doing spadework in Chicago, while to Washington the independents sent their own recommendations. At Bloomfield, Ind., 30 Indiana limestone producers agreed...
...Wage increases were taking place all over the country. In Akron, where Newton Diehl Baker was trying to bring harmony to the embattled rubber industry, Goodyear, Firestone. General. Mohawk all announced 10% raises. Seiberling upped pay 5%. The Pittsburgh Coal Co. was paying 10% more to 8,000 workers. Amoskeag Manufacturing Co., largest cotton textile manufacturer, announced a 15% raise at Manchester, N. H. Other textile mills at Dallas, Gadsden, Ala., Lawrence, Mass., Rockville, Conn, swung into line. Canning factories in Florida, a Philadelphia handbag maker, a Suffolk, Va., candy company, upped pay. Sears, Roebuck rescinded a 10% salary...
...summer decline usually sets in. In San Francisco Amadeo Peter Giannini declared the Depression '"over." upped salaries in his Bank of America, restored dividends. In Akron the tire industry, rounding out its preparations for the National Industrial Recovery Act, topped two increases in tire prices with a 10% wage increase. In Washington the Federal Reserve announced that its index of department store sales stood only 2% under a year...