Word: wage
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Dates: during 1940-1949
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...looked over the men who would run the committees in his House. Were the Republicans in line for the jobs the best the party had? There was, for instance, John Taber of New York, due to head up Appropriations. Bull-tongued John Taber, blaring away in a speech on wage-hour amendments in 1940, had restored the hearing in the deaf ear of the late Congressman Leonard W. Schuetz of Illinois. Schuetz had been deaf since birth. The effect, Schuetz said at the time, made him dizzy. "I had spent thousands of dollars on that ear." But that...
Actually, barring a new wave of wage increases, most price rises would be cautious. With U.S. production now up to 135% of the 1935-39 rate-and with inventories up accordingly-no manufacturer wanted to price himself out of the market just when it was turning into a .buyer's market in many items...
...business, said soft-voiced, hard-minded Chuck Luckman, deserved its reputation for being opposed to "everything that spells greater security, wellbeing, or peace of mind for the little guy." Why? "Well, we declared war on collective bargaining . . . battled child-labor legislation . . . yipped and yowled against minimum-wage laws . . . and currently we are kicking the hell out of proposals to provide universal sickness and accident insurance...
...reformation of business must precede the reformation of labor. To reform itself, business must "stop making noises like a corporation." It must work to restore a sense of "togetherness" between management and labor. It must show that management and labor have the same interests by backing 1) decent minimum-wage legislation, 2) higher educational appropriations, 3) annual wage plans, 4) pension programs. It should do this, if for no other reason, because it paid off in dollars and cents...
With such a reformation, Chuck Luckman foresaw a rosy future. He told the super-marketeers: "Your business ... can and should double during the next generation if the leadership of American business is willing to establish as its objective for 1970 a standard of living for the American wage-earners which is at least 100% higher than the level of today...