Word: wage
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Dates: during 1940-1949
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Under the Socialists the standard of living was high, but small homeowners, businessmen and farmers complained because they could not sell their properties except at state-fixed prices. There was no unemployment or serious want, but wage and salary earners worked at income levels which smothered incentive: a ship's cook often earned more than a ship's captain; bus drivers, postmen and newspaper reporters got more or less the same pay. Taxes ate away people's earnings. Many imports, especially automobiles, were rationed, leaving popular demand unsatisfied. Thousands of young New Zealanders emigrated to find freer...
...T.U.C. leaders ruefully gave in, agreed to a freeze of wage levels for one year. The T.U.C. has no authority to make its decisions binding on its members, but it looked as if most of its unions would stick to the agreement. British labor was still learning the hard lesson that Britain's Socialist government could be a good deal tougher than the bosses with whom Ernie Bevin bargained in his trade-union days...
Eastman Kodak Co. last week announced a "wage dividend" for its 48,000 employees of $15,500,000, biggest in the 38-year-old history of Eastman's profit-sharing plan (last year's bonus: $13 million). Though Eastman's earnings for the first nine months this year were down about 17% from 1948, it's common, stock dividend was higher ($1.70 v. $1.60 last year). Therefore, the bonus, based on the dividend paid to stockholders, was higher also. Paid to everyone employed before last October, the bonus consists of $25 for every $1,000 earned...
Daniel G. Mulvihill, president of the Harvard University Employees Union for the past eight years, was notified last night of his appointment to a state wage-studying commission. Mulvihill's long experience representing non-academic employees in the University brought him one of the mine positions in the group...
...recently-formed committee will consider and recommend wage-changes for those employed in public house-keeping. It was formed by the Massachusetts Minimum Wage Commission under the State Commission of Labor and Industry...