Word: wage
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Dates: during 1940-1949
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Presumably, too, the Administration was dead set against another round of wage increases (see BUSINESS), but it just couldn't bring itself to say so. In trying to write around this painful subject, the President's economic advisers composed some masterful doubletalk. Sample: At the present time both employers and workers should strive to work out adjustments which will help to stimulate activity, bearing in mind the need both for holding business costs down and for maintaining consumer purchasing power at high levels...
...wind, a new threat arose-the possibility of the first serious wave of strikes since 1947. Now, as then, the test would come in the nation's two biggest industries, steel and autos. In both, the C.I.O. was already threatening to strike to get a fourth round of wage boosts...
...prepared," cried Reuther, "to use all the weapons possessed by free labor in America." The steel workers talked just as tough, but Big Steel's tight-lipped Ben Fairless showed no signs of yielding. Snapped he last week: "There is no sound or proper justification for . . . a wage increase at this time...
Pistol Packer. Last week Gould got his first real taste of the agrarian democrats' medicine-Chinese Communist staffers locked him in his office until midnight after he rejected their wage demands. Next day, when he wrote a story about the row, the workers refused to print the Post unless he dropped his "distorted" account and stopped "helping the bandit Chiang resist the People's Revolution." That convinced Gould that he could "no longer run an American newspaper in the American tradition," and he suspended the Post indefinitely...
Those whose profits had been nipped by the recession were finding some consolation around the bargaining table. The powerful C.I.O. Textile Workers Union reluctantly decided not to ask for wage increases for its 120,000 members in the cotton-rayon industry when the present contracts expire in September. The Ford Motor Co. also decided the time had come for plain talking. It turned down the U.A.W.'s wage and pension demands and proposed freezing wages for 18 months. Said Ford's Bargainer John S. Bugas: "It would be utter folly to take any action which would increase...