Word: wage
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Dates: during 1950-1959
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GUARANTEED WAGE WILL MEAN HIGHER PRICES...
...GUARANTEED annual wage is money paid by an employer to people for all or some part of a year in which they are not making products. The payments are part of the manufacturer's cost and hence part of the consumer's cost. If the manufacturer has ten employees but work for only eight, he must nevertheless recover in the price he gets for his product the payments he makes to his employees for hours they did not work, or he must go out of business...
...American Newspaper Guild, which represents newsmen all over the U.S., has long contended that it would never force a wage increase that would put a paper out of business. Last week Brooklyn Eagle Publisher Frank D. Schroth was trying to put the Guild's contention to one of its rare tests. Four weeks ago the Guild struck the Eagle, and when mechanical-union employees refused to cross the picket line the paper was forced to suspend publication. The Guild demanded the same $5.80 package wage increase that staffers on Manhattan dailies got in the latest round of wage negotiations...
...still remember the bitter 14-week Eagle strike 17 years ago, contend that the Eagle has not proved it is unable to pay-i.e., by showing them the books. If the Eagle is not a New York paper, argued the Guild, why does it pay city-scale wages to its mechanical employees in ten other unions? The union offered to arbitrate the wage increase, but the Eagle refused to do so unless the entire contract was opened to review. Said New York Guild Executive Vice President Tom Murphy: "We would not be so foolish as to ask an economic...
...could not raise the money since U.S. investors argued that cattle are the first victims of civil disturbances. Chile, whose forests and minerals beckon paper and chemical industries, has liberal tax-exemption provisions for foreign capital. But they are meaningless, since employers must add 25% to their government-cushioned wage bills in the form of social-security payments. Brazil is so queasy about foreign exploitation that citizens married to foreigners may not even own oil stocks. Result: Brazil's potentially rich oil reserves are virtually untapped...