Word: wage
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Dates: during 1940-1949
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Both the gold-plated Air Line Pilots Association and T.W.A. seemed satisfied with the board's decisions, which they had agreed in advance to accept. Most other airlines expected that the new wage scale would provide a pattern for all airlines. For T.W.A. and the other major airlines, the increases would be moderate...
T.W.A. did not think the wage boost was big enough in itself to cause an increase in rates. But several of the nation's airlines, harried by rising expenses and falling traffic, thought that rates must go up before long. This would be a doubtful solution of their troubles. Higher rates would probably mean even fewer passengers on planes now flying with many empty seats. Said a Standard & Poor's analysis of near-future air transport earnings: "Drab...
...growing labor strife. Late last summer, when a famine impended, a Communist-led strike had tied up south India railroads; a nationwide 25-day postal strike in July was also Communist-inspired. Two weeks ago Karachi dock workers walked off ten grain ships for ten days to get a wage of 94? daily. As a result of the stoppage, the rice ration in New Delhi was cut from twelve to eight ounces. In New Delhi 100,000 children were out of school because of a teachers' strike (87% of Indians are illiterate). In southwestern India even the aboriginal Warli...
...strong, repressive arm of law & order would be no permanent solution in a country where the average per capita wage is 5? a day and a quarter of the population of Bombay and Calcutta sleep on the streets. But the other horn of the dilemma is unrestrained freedom for communal and class conflict which, in a weak, new state, might disastrously degenerate into chaos. Patel is obviously going to try it his way. The Boss has performed miracles of organization before...
...against inflation was officially declared won last week. Said Marriner Eccles, cautious chairman of the Federal Reserve Board: "Inflation has largely run its course. Shortages in many important lines have been met and in many other line? are rapidly being overcome." Now it was time to wage the war on deflation...