Word: wage
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Dates: during 1950-1959
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...significant change in the climate of U.S. labor relations. For the first time in 23 years, the nation's third most powerful union (after the teamsters and the autoworkers) had run-to its shocked surprise -into a stone wall. After years of giving in to union demands for wage raises, the steel industry this year met labor with a hard new line, refused right up to this week to give the union a penny that would raise overall wage costs...
Blough and his colleagues realize that the question of wage hikes in the steel industry is no longer merely a domestic problem, but one that affects the whole U.S. position in world steel. This year the U.S. industry has received a warning that it cannot isolate itself from the realities of world steel without suffering the consequences. If it does not heed the warning, it must pay the consequences in smaller sales and, eventually, in fewer jobs...
...David J. McDonald, boss of the 1,250,000-member United Steelworkers union, had slipped away last week from bargaining sessions, flown to Pittsburgh for a private talk with Vice President Nixon. McDonald pleaded for government help to break the deadlock. He remembered the record 62½? , three-year wage package won by the steelworkers in 1956 after Labor Secretary James Mitchell and Treasury Secretary George Humphrey pressured management, knew that this time both Nixon and Mitchell were anxious to see a no-strike settlement. But the Administration stuck firmly to its hands-off policy. When President Eisenhower later renewed...
...strike; steel customers had enough inventory for seven weeks or more, would still be there as a clamoring market for steel once a strike was over. Steelmen also counted on the fact that U.S. steelworkers, already the highest paid of the Big Three unions, are aware that a wage-and-price boost might bring more inflation to nullify a pay rise, give a boost to foreign competition, and eventually cost jobs in the mills. The most remarkable point of a new Gallup poll out this week is not that 51% of those polled said that steelworkers should...
...crying "halt" as if he were preparing a legal brief. Says he: "The results of collective bargaining between the companies and the steelworkers' union have been characterized by unsustainable cost increases, major strikes and government intervention. It is time to raise the question as to whether nationwide wage policies, industry-wide strike power, the ability to shut down industries and bring economic America to its knees are necessary or right...