Word: wage
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Dates: during 1940-1949
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...college, and that 69% want to send their daughters too. Professional men and executives are the most anxious to have their sons win their degrees (only one out of 100 think they should "do something else" besides going to college). But more than two-thirds of the farmers and wage earners in the survey also want a college education for their sons. A smaller majority (56%) think it would be a pretty good idea for the U.S. Government to start passing out federal scholarships to send "qualified" youngsters who "otherwise couldn't afford...
...expenditures; if this economy could be carried through it would lop $600 million from the nation's $12 billion budget. Board of Trade President Harold Wilson ordered a 5% slash in some retail textile and footwear prices; this might ease workers' pressure for wage increases...
Philip Murray waited for silence. The C.I.O. Steelworkers' president was concluding his final plea for a 30? -an-hour package of wage increases, pensions and social insurance. Across the oak-paneled hearing room sat Enders Voorhees, chairman of U.S. Steel Corp.'s finance committee, who had presented the core of Big Steel's arguments. Voorhees, snapped Murray, did not understand the working man: "He's lived a ... juicy life . . . [this] fat, sassy and very opulent man." And if Voorhees did not believe in pensions, asked Murray, "why does he not mention his own $70,323 pension...
...higher productivity, they said. Furthermore, the rate of steel production had dropped 15% in the last six months and profits were down. Some small companies, like Lukens Steel Co., insisted that they could not afford to pay increases at the current rate of earnings. Said Lukens' Robert Wolcott: "Wage increases can't be paid out of past profits . . . [In] the four-week . . . period ending July 9, 1949 . . . Lukens . . . showed a net loss...
...agreement would set a fourth-round wage pattern for all industry. The C.I.O. autoworkers, already set to strike against Ford for similar demands, are dragging their feet. So are John L. Lewis' mineworkers, whose contract has expired. All told, more than 1,500,000 unionists are watching to see if it is peace...