Word: wage
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Dates: during 1950-1959
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...with Understanding. The size and character of the C.I.O., its wage rates and pensions, and the political influence of organized labor are all a testament to Phil Murray's dedicated life. But Phil Murray was more than a fighter for labor. He was a man with a keen understanding of the individual's relationship to the world he lives in. Impersonally-as a union boss-Murray was tough and hard, demanding discipline and loyalty, determined and stubborn at the bargaining table. Personally he was emotional and softhearted, endowed with a twinkly-eyed kindliness and an honest humility...
Wrote Lewis: the contract for a $1.90 wage boost is not inflationary-"it is pure as a sheep's heart." The WSB ruling is "contemptible." WSB Chairman Archibald Cox, "the little Harvard professor," and his associates formed a "cabal to steal 40? a day from each mine worker." Economic Stabilizer Roger Putnam, who applauded the WSB ruling, shows a "sadistic trait," for he is "robbing miners' babies of life-giving milk...
This week Harry Truman, who wants to keep the miners on his side and yet maintain some semblance of consistency in wage-ceiling policy, reacted to the situation as only Harry Truman can. He summoned Lewis and Harry Moses, president of the Bituminous Coal Operators Association, to a 24-minute White House conference. Upshot, in Truman's words: 1) "The operators . . . are prepared to start paying immediately $1.50 of the wage increase now allowable and to set aside available for payment to the miners, when & if approved, the balance of the increase amounting to 40? per day, retroactive...
...cheaply as they can purchase a moderately good automobile." It works out, said Fairless, to 87 shares apiece. "At today's prices, those 87 shares would cost them less than $3,500 . . . By investing $10 a week apiece-which is about what our steelworkers gained in the recent wage increase-they could buy all of the outstanding common stock in less than seven years." Or there was an even easier way. "Sixty-two shares of common stock [each] would give them a voting majority in the corporation's affairs . . . An investment of only $5 a week would turn...
...mayor of highly industrial Toledo, DiSalle was unusually successful in reconciling labor-management disputes. Summoned to Washington last year for the thankless job of administering price controls, DiSalle amazed pressure groups with his independence. He talked wage controls to the CIO convention. In front of Southern Congressmen, he complained that cotton was not a commodity, but a theology." Dubbed "the fat man in the hot seat," DiSalle failed to freeze prices, but won the nation's sympathy and chuckles...