Word: wage
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
General Electric's Charles E. Wilson sounded disillusioned. Two months ago he had slashed the prices of about half G.E.'s products (TIME, Jan 12), hoping to start a "chain reaction" of lower prices from industry and head off an inflationary third round of wage increases from labor. What he got, said he, was sneers and new wage demands from the CIO union at G.E. (which G.E. turned down this week), and price hikes by many another company. Said Wilson: "An expensive gesture...
Around 41% of Merrill Lynch's customers had incomes of $5,000 or less; 30% made between $5,000 and $10,000, and only 29% were in the upper-income bracket. The biggest group was wage earners (19%). Executives came second (18%), housewives and widows third (16%). (Although Merrill Lynch did not specify, probably much less than 19% of its total business came from wage earners.) Merrill Lynch did not know whether or not its customers had made money. But Merrill Lynch had not done too well itself in 1947. Gross income of $22,377,582 was 24% under...
Improvident Family. Even if Cripps persuades the trades unions to accept a wage freeze, he must take Britons over still harder jumps. The bluntest warning of their probable nature came, not from any government leader, but from the London Economist. "Britain has been living like an improvident family," it wrote, "which, failing to make both ends meet, first spends the accumulated capital of the past, then borrows from friends . . . and when their loans are exhausted, begins to pawn the furniture. . . . When a family faces bankruptcy, either it goes under to a life of perpetual makeshift and pauperism, or it restores...
...members. It can only "recommend." A real test of Cripps's disagreeable program will come next month, when leaders of individual unions meet. Already some unions had balked. Last week the huge Confederation of Shipbuilding & Engineering Unions (3,000,000 members) was still insisting on a general wage increase. Said Communist Arthur Horner, general secretary of the Mineworkers' Union: "The first blow in the economic crisis must be struck at profits and luxury living, not at wages...
When the U.S. Treasury issued its list of big wage-earners last week, there were a few surprises. MGM's Louis B. Mayer, whose name usually leads all the rest, had slipped to third. At the head of the list was Charles Skouras, president of National Theatres Amusement Corp., with $568,143. The Los Angeles Turf Club's Charles Strub, who runs Santa Anita Park, was second ($541,412), well ahead of Mayer ($502,571). International Business Machines Corp.'s Thomas J. ("Think") Watson was fourth ($425,548). A new name was in fifth place...