Word: wage
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Dates: during 1950-1959
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...lowest wage rate for actors, according to the Equity scale, is $70 a week . . ." --Robert Chapman, English 160; 11:30 a.m., April...
...rounded up 31 weeping Communists on a rooftop. They were jailed, but the strikes continued. On Easter Sunday, while pickets patrolled suburban factories, an uneasy peace lay over São Paulo's famed skyline. This week a settlement seemed likely in the form of a big wage boost-which would balloon both inflation and the Reds' prestige...
Actually, Reuther was far behind many farsighted U.S. companies, which long ago established annual-wage plans without any prodding. As long ago as 1946, the Department of Labor counted 196 companies with plans for guaranteeing minimum employment or pay to their workers. One of the most successful of such plans is that of meat-packing George A. Hormel Co. of Austin, Minn. Started experimentally in 1931, it now covers some 8,000 employees. Milwaukee's Nunn-Bush Shoe Co. began its famed "Share-the-Production" flexible annual-wage plan in 1935, has continued it, with slight modifications, ever since...
...Chairman Richard Deupree believes that at least 85% of American industrial firms have enough year-round stability in sales to guarantee wages or employment. In hard times, Deupree points out, few companies can keep up the prosperity-level payrolls now being paid. Therefore, either the emphasis must be placed on regular employment (as at P. & G.), or else the wage guaranteed must be well below existing rates. Either method serves as a cushion during economic crises. Deupree credits P. & G.'s program as one of the main factors for keeping the company free of major strikes for more than...
Reuther's annual-wage campaign cannot amount to much before 1955, when his five-year contracts with the auto industry expire. Actually, the industry has already taken big steps toward steady employment (e.g., by scheduling retooling during the vacation season, to avoid mass layoffs). But the automakers have opposed formal guarantees because of the fear that Reuther would want them pegged too inflexibly to current wage levels. Unless the wage is tied to prices, the automakers fear they will be unable to cut prices during a recession and still be able to meet payrolls...