Word: wage
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Dates: during 1950-1959
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...House cloakrooms and corridors, the word had been quietly circulated: 90% is worth $1.25. What it meant was that if Northern big-city Democrats would vote for rigid 90% parity farm supports, then the Democrats of the agricultural South would look kindly on labor demands for a $1.25 minimum wage law. The groundwork for the vote trade had been carefully laid, e.g., some 57,000 copies of pro-90% statements by C.I.O. President Walter Reuther and A.F.L. Leader George Meany had been sent out under the franks of Democratic members of the House Agriculture Committee. But when the high-parity...
...Difference. Overnight activity was furious. Agriculture Committee Chairman Harold Cooley sent word to the New York City delegation that if the farm bill failed there was no chance of a $1.25 minimum wage law. Democratic Whip Carl Albert made the rounds with the same message. Sam Rayburn began collecting political lOU's. Telegrams from labor leaders poured in, urging Representatives to support peanuts. The C.I.O.-P.A.C. rushed in its crack legislative liaison man, Bob Oliver, to work the House corridors...
After four weeks of secret negotiations with General Motors and Ford, the C.I.O.'s United Automobile Workers last week reported how much its guaranteed annual wage demands would cost...
STEEL PRICES will rise this year regardless of wage increases, predicts E. T. Weir, chairman of National Steel Corp. Rising consumption, he said, is forcing the industry into new and costly expansion programs; steel requires a larger investment per dollar of income than most other industries, and steelmakers' current return on assets is about 9.4% v. an average 12.4% for the rest of U.S. industry...
Fiats for Families. For Italy's industrial workers the rising production meant a wage increase of 3.5% last year. Unemployment is almost nonexistent in the heavy industries of Milan and Turin, with an actual shortage of skilled labor in the building trades. In many families, three or more people are working full time, enabling them to put money aside for that dream of dreams-a car. At the Fiat factory alone, more than 1,000 workmen are on the waiting list to buy their company's new, $950 Fiat...