Word: wage
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Dates: during 1940-1949
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Warburg Professor of Economics Gottfried Haberler, who handles Harvard's graduate course in International Trade, calls the pound devaluation a "courageous" move and thinks it has a good chance of completely wiping out Britain's dollar deficit by 1952, providing low British incomes don't force general wage rises...
...besides, Jethroe might want to be paid a living wage...
...heard in Britain itself. The government last week raised the price of nonferrous metals and of such humble objects as pots & pans. The first predictions of a 5% cost-of-liv-ing rise shot up to 10%. The trade unions were having Sir Stafford Cripps on the carpet, demanding wage boosts. The Tories charged that devaluation could have been avoided but for the Socialist government's mismanagement; Laborites replied that it was not so, asserted that they had devalued rather than cut Britain's welfare program and permit unemployment. Said one Labor leader: "The government preferred to devalue...
...Austere Wage. Wald modestly denies that his weekly production feat is a one-man job. "That's a crazy idea. How could one man-even me-do so much? I get the best writers and directors in the business and I let them do their jobs. I just supervise and advise them." Actually, his "supervision" calls for a ten-hour day of directing his writers, writing his directors, casting his actors, cutting and editing film, reviewing musical scores, sets and costumes, compromising the clashes between the commercial mind and the artistic temperament. Most of his spare time, with...
...Hollywood studio at the going rate for production geniuses. Even on a living scale modest for Hollywood bigwigs (a ten-room house without swimming pool or tennis court), he moans that he can save little of it after agents' fees and taxes. Though tied to his handsomely austere wage by an optionless long-term contract that runs through 1951, Wald gets some comfort from recognition. He flirts occasionally with another studio to learn how much he is really worth, and does not object to pressagents trumpeting his praises. Recently, when Jack Warner ordered a publicity blackout on Wald, ostensibly...