Word: wage
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Dates: during 1940-1949
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...Allied policy had made it necessary to limit her foreign trade and shut off many of her vital materials. By last week Japan's currency had increased by almost 100 billion yen in a single year. Prices spiraled in an inflationary whirlwind that sucked living costs and wage demands high in its wake...
...filled with sound and fury against sky-high prices last week. President Truman told businessmen that they should cut prices or another round of wage boosts was inevitable. Businessmen did not have to be told that. They were all busy telling each other the same thing...
...report last week Wall Streeters computed that G.M. earned $73 million in the last quarter of 1946, a rate which would pour in a record $292 million in net profits this year -if all went well. But it was the durable-goods industries which were now faced with new wage demands. And there was no guarantee that price cuts would eliminate them. Ford has cut prices-and promised further cuts. But the U.A.W.C.I.0. last week asked for a 23½?-an-hour pay boost...
...Steel President Benjamin Fairless considered the problem. He was, quite understandably, unwilling to reduce prices until he knew what he would have to pay under a new wage contract. Wages are 40% of steel production costs. Would Phil Murray, president of the steelworkers' union, withdraw his wage demands if Fairless announced a price cut? Murray, afraid of weakening his bargaining position, would not commit himself. He has simply made it clear that he thinks Steel can raise wages, an argument given substance by U.S. Steel's 1946 net profit: $88.7 million. Murray and Fairless were like...
...This week one very old one was settled (see Labor), and another, in the rubber industry, was avoided when a compromise wage boost was granted...