Word: wage
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Dates: during 1950-1959
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...continual nagging at the conscience and the legal ingenuity of the land until the change was completed. In Detroit, having rejected an offer of stock ownership in the Ford Motor Co., the 140,000 hourly rated Ford employees won a concession to the principle of the guaranteed annual wage. Strike or no strike, the hard give-and-take of bargaining had lifted the autoworkers toward a new and more secure place in the U.S.'s fourth-ranking industry. Every thoughtful American knew that G.A.W., like desegregation, promised plenty of trouble in the years ahead, when it would be applied...
...showdown had come in the battle for the guaranteed annual wage. Unless Ford Motor Co. or the C.I.O. United Automobile Workers backed down at the last minute, all signs pointed to a strike...
...interesting to note your very biased editorial concerning the textile dispute in the Fall River-New Bedford area. While it cannot be denied that it is quite desirable to have full employment at high wage rates, your stand never indicates that you have considered whether or not the textile companies are able to afford the present wage rates...
...England textile industry has shown it to be very cyclical in nature, enjoying periodically high profits and abysmal losses. Continual financial reinvestment in capital equipment has been subordinated to the desire of owners to obtain profits while they can, and to the consistent demands of workers to acquire higher wages. Southern competition benefits not only from lower wages but also from newer and more efficient machinery. The enactment of a minimum wage will, therefore, not completely solve the problem...
...desire to be profitable . . . at least from a capitalistic standpoint. To do so apparently requires an acceptance of responsibility by the working force and a realization that lower labor costs, while presently inequitable when compared to other industry in the area, are a necessity. Management's demand for a wage cut, on the other hand, must carry with it the responsibility on its part to reinvest profits in new machinery that will reduce costs, raise a worker's productivity, and, thereupon, enable wages again to rise. Charles C. Townsend...