Word: wage
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Dates: during 1940-1949
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...steel industry caved in last week under the pressure of labor's demand for third-round wage increases. To the 35,000 miners in the steelmakers' "captive" coal pits went the same $1-a-day boost John L. Lewis had wangled from other coal operators. Then U.S. Steel Corp., which had held out for more than two months against the wage-price spiral (TIME, May 3), gave Phil Murray what he wanted for his steelmakers: an average 13?-an-hour increase. Other steel companies followed U.S. Steel's lead, were expected to follow it also with price...
...Chairman Jim Farley: "I'm thoroughly disgusted with the attitude and actions of some of our leaders ... If they'd think a little more of the party and the country and a little less of their own personal position, the party would be in a position to wage an aggressive campaign." Harry Truman, who had handled himself with admirable restraint and good sense through all the bickering, was still confident. He was sure that he had found a sound campaign argument in the record of the 80th Congress. In his own homely style he would pound it home...
...railways, seized by the Government nine weeks ago to avert a strike, were returned last week to private ownership. The three holdout brotherhoods (engineers, firemen, switchmen) agreed, at long last, to the same 15½?-an-hour wage boost which had been accepted some time ago by all the other railroad workers...
Their reasons were simple. A federal court had enjoined them from using labor's ultimate weapon, the strike (TIME, July 12). More important, their colleagues, the conductors and trainmen, were already demanding another 25% wage boost. The engineers, firemen and switch men wanted to get the 15½? raise tucked away so they could quickly get in line for another helping...
Consumer Endurance. It was a tough week all around for consumers. To pay for the new wage gains of John L. Lewis & Co., soft coal mines boosted their prices 4? to 50? a ton (retail equivalent: up to $1.25 a ton). Though hard coal producers had raised prices only a month ago to cover higher wages, one of the biggest of them, Lehigh Navigation Coal Co., Inc., raised the ante again, by as much as $1.10 a ton. A few hours after the rail-wage fight was settled (see NATIONAL AFFAIRS), the Interstate Commerce Commission gave 61 Eastern railroads permission...