Word: wage
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Dates: during 1950-1959
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...recent recession in Massachusetts' economy has been accentuated by the strife in the textile industry. Lower costs in southern mills have forced many manufacturers to desert New England while others have attempted to economize by cutting wages. When management recently demanded a ten-cent across the board pay cut seven weeks ago, textile workers earning a base pay of $1.09 1/2 per hour, walked off the job throughout New England. Mill owners in Maine and New Hampshire, last week, decided not to press for a wage cut and the workers returned to the mills, but because the Massachusetts employers remain...
...England mills cannot survive in the face of unequal competition from Southern mills." Stanton's group refuses to compromise with the union despite the efforts of a special mediation board appointed by Governor Herter. The union has announced that its members are willing to go back at the present wage rates, but cotton manufacturers have issued an ultimatum, threatening to move out of the state if their demands are not satisfied...
While such an exodus might prove satisfactory in the short run, the long term effects of deliberately causing the unemployment of 18,000 workers will probably increase pressure on Congress to boost the minimum wage. Such a bill is now before Congress, and a sudden dislocation of this area's economy, such as mill operators now threaten, will increase public pressure for its enactment. With a higher minimum wage, manufacturers will find that costs of producing in the South are no lower than New England operation...
...last five years, 6? an hour has been added to each worker's pay in cost-of-living raises. The union wants this added to regular base pay so that it will not be lost if the cost of living declines. It also wants the hourly wage boost based on improved productivity, plus increased pension payments and other benefits. The combined cost of all this, said the union, would be much less than it had won in some previous bargaining sessions, such as 1946. when it won 18½? plus some "fringe'' benefits. But Detroit automen estimated...
...Steel's seventh chairman,* Blough will supervise the forthcoming wage negotiations with the C.I.O. Steelworkers, who have announced that they are out for a fat raise (but no guaranteed annual wage). A longer-term goal, laid out by Ben Fairless: expanding U.S. Steel's annual capacity from 38.9 million tons to 60.9 million tons by 1975-just to keep pace with the growing population. Blough, who likes his golf and spends as much time as possible at his country home in Hawley, Pa., where he often cooks for his wife and two daughters, professed to be unexcited...