Word: wage
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Dates: during 1940-1949
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...year ago, unions representing some 1,000,000 non-operating railroad workers (clerks, shopmen, telegraphers, etc.) demanded a 40-hour, five-day week (instead of a 48-hour, six-day week), a "third-round" 25?-an-hour wage boost, extra pay for Saturdays and Sundays. Negotiations were soon mired in argument. After mid-January the unions had the right to strike. Instead they continued to negotiate...
...society. A former boss of his remembers Bevan as a young miner in the Welsh seams. "He was a bad little brat," that man recalls. "He'd lie down right there beside the tubs rather than do one stroke over what was absolutely necessary to earn his minimum wage. Aroused other lads to do the same. 'Why should we sweat our guts out to fill capitalist bellies?' he'd say. You could do nothing with...
Next morning an agreement was announced: a wage raise of 8⅓%, to $64.35 for a 48-hour, six-day week-the same pay offered previously by the cardinal on condition that the men return as non-union individuals. Cardinal Spellman waived the condition, recognized the new union. Both sides agreed to set up a three-man panel to investigate "future adjustment of hours." The cardinal's seminarians laid down their spades and went back to their classes...
...that profits were too high and were a major cause of the inflation. Slichter told the group that American corporations, because of high prices, were overestimating their profits by $16.4 billion, and therefore that amount of their estimated profits should not be considered as available for dividends, expansions, or wage increases...
...Benefited from a 25-cent-an-hour wage raise...