Word: wage
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Overruled Critic. Such is the interest ignited by The $64,000 Question, the TV show which in only ten weeks has consistently collected the biggest audiences ever assembled for summer shows,* introduced countless wage earners to the tax hazards of making money,† set back by at least a season, if not by years, TV's already enfeebled yearning to leaven commercialism with culture. The Manufacturers Trust Co. executive who sits each Tuesday night between guards (the real thing, from the same bank), to lend an air of reliability to the promised payoff, was promoted recently to full vice...
...were also pushing ahead. Overall retail sales in June soared to a $15.9 billion monthly rate, $1 billion higher than last year. In July, for the third month in a row, construction posted a record with $3.9 billion worth of new building. After the C.I.O.'s hefty wage increases, overall steel prices jumped 6.3%, a full ½% more than expected, with the chance of another ½% boost this fall when tin-plate manufacturers announce new prices. Consumer installment credit for June shot up to $24.9 billion v. $21.7 billion in 1954; new mortgage loans increased at the rate...
...punitive to business. It roundly endorsed the Government's exit from the synthetic-rubber industry, but it dragged its feet on other Administration attempts to take the Government out of competition with private enterprise. To the dismay of many industrialists, e.g., Southern cotton manufacturers, it raised the minimum wage from 75? to $1 ; to the relief of most employers it postponed a boost in Social Security benefits. It extended the 52% corporate tax, but most businessmen were in sympathy with the purpose behind that extension: to cut federal deficit spending...
...Other toppers on the U.S. labor movement's wage scale: the Railway Clerks' George Harrison, $60,000 a year; the United Mine Workers' John L. Lewis, $50,000; the Musicians' James Petrillo, $46,000; the Steelworkers' Dave McDonald, $40,000; A.F.L. President George Meany, $35,000; the United Auto Workers' Walter Reuther (who gets no salary as president of the C.I.O...
FARM-EQUIPMENT INDUSTRY is adapting to the guaranteed annual wage. Allis-Chalmers and Deere & Co. have both offered the United Auto Workers a layoff plan to insure jobless workers some pay. Allis-Chalmers offered 65 % of total pay for four weeks plus 60% for the next 22 weeks, but was turned down because it provided no trust fund for the benefits. Deere's idea, which the union has agreed to "in principle," is similar to the auto, industry pacts...