Word: wage
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Dates: during 1950-1959
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Labor. After reporting that fewer working days were lost through strikes in 1954 than in any other year of the past ten, the President renewed his recommendation that the Taft-Hartley law be amended to improve further the relations between management and labor. Another recommendation : that the minimum wage be increased from...
...most lavish was Madam Safe's spacious chalet in the city of Rosario. The staircases were marble, the curtains red velvet, the bedclothes silk, the girls mainly French or Polish, and the going rate about the equivalent of an average white-collar worker's weekly wage...
...year's end v. $4.2 billion in 1953. Union labor, which was as cautious as businessmen during 1954's dip (strikes were at the lowest level since the war), was sure to come to the bargaining table with big, new demands. The key issue: the guaranteed annual wage. The promised cuts in excise and corporate taxes would probably be postponed. The bookkeeping budget in fiscal 1956 would have a deficit of some $3 billion (though the cash budget, including Social Security receipts, might be balanced). In any case, the towering national debt would...
Such a message, particularly the upbeat ending, would accurately reflect Canada's year-end mood. Earlier in the year, the nation's confidence was shaken by forebodings of depression. Unemployment was on the increase; industrial wage scales began to dip. Western Canada's wheat crop was the poorest in 17 years; retail business fell off. The gross national product, the handiest yardstick for measuring economic progress, appeared to be headed sharply downward...
Suddenly, in the year's last quarter, the upbeat began. In October, for the first time in 1954, employment topped the 1953 figure. The industrial wage index not only snapped out of its decline, but rose to a new alltime high ($59.26 weekly). Then a great surge of Christmas business hit the retail stores. Morgan's big department store in Montreal had the best December in the company's log-year history; Vancouver stores estimated that their 1954 Christmas sales would be at least 10% above last year...