Word: wage
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...remembering the great strike of 1946, unions approached management in the latter half of 1947 with a sweet reasonableness that was further sugared by the Taft-Hartley Act. Management was reasonable also; it granted wage boosts, then raised prices to absorb them...
Labor's Cut. Union labor pointed at the fat corporate profits and demanded a bigger cut too. (Average weekly wages in all manufacturing industries rose 9.87% to $51.75.) There was also a significant shift in the size of the cut that the different segments of labor got. John L. Lewis' mine workers, once $24-a-week workers, were the aristocrats of labor; their wages averaged more than $70 a week. The auto workers, once about the best paid, were passed in the wage parade by a handful of others...
Before & after the wage increases, management argued that the U.S. was still getting no full dividend from full employment (60,000,000 jobs). Shortages tended to choke the full flow of production, and many a worker was so little worthy of his hire-and so little worried about losing his job-that productivity per worker was little if any better than in 1946. In short, 1947 could have been still better if everybody had worked harder and more efficiently...
...triumphal tour of the nation, the Senator does practically everything an unwilling aspirant can do, except milk a cow. In Virginia he uses a mushmouf accent; in Texas he lines it with rawhide. In a union hall, wearing a miner's cap, he shouts for an eight-day wage, a two-day week; at a discreet banquet for bankers, he whispers for a two-day wage, an eight-day week. Elsewhere, discussing the problems of inflation and deflation, he takes his stand fearlessly, without compromise, "For Flation." He also picks up an honorary Ph.D. from the Edgar L. Eubanks...
...rail facilities, authority to promote increased farm production. These three measures, he said, "are needed now." But "they are of minor importance compared with . . . the key measures which are essential to an effective anti-inflation program." In particular, the President wanted stand-by authority for compulsory allocations, rationing and wage-price controls...