Word: wage
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Dates: during 1950-1959
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...finally issued its long-awaited order allowing steel users to pass along all increases in their costs from the steel wage-price settlement, there was new upward pressure on many prices. Nevertheless, the big U.S. productive machine was now in such high gear that there were signs of softening in some prices (see below...
...ravaged cattle herds, sent beef and veal prices soaring. A hot, rainless summer reduced butter and cheese production, ripened a grape harvest so abundant that the bottom fell out of the wine market. Rearmament cutbacks produced spotty unemployment in the engineering trades; French labor unions threatened new demands for wage increases. With
...east of London, 938 representatives of Britain's trade unions last week made two patriotic decisions; 1) they voted overwhelmingly to support "the greatest possible measure of rearmament," even if that means curtailing Britain's social services; 2) they agreed, more reluctantly, to restrain their demands for wage increases, so as not to price British goods out of export markets. Both decisions by the Trades Union Congress (T.U.C.) were victories for the moderate (Attlee) wing of the Labor Party, and defeats for Communists and the followers of Aneurin Bevan, who blame defense spending-as well...
...Wages. The Bevanly host and its Communist outriders condemned the Tory government's efforts to cut spending and hold the line on wages, as a threat to Socialism. But dapper Lincoln Evans, leader of iron and steelworkers, while promising that moderate wage claims will get T.U.C. backing, spoke unpalatable truths: "The world doesn't . . . owe us a living. If we price ourselves out of world markets, we will automatically produce unemployment...
...Socialists are apt to call "criminal" when handed out by employers. But getting it from one of their own, the T.U.C. gulped it down. By a whopping 6,856.000 votes to 504,000 (delegates vote for their union membership by proxy), the congress accepted its leaders' call for wage restraint. But the buffeted Bevanites still had their day. As if to console them, the T.U.C., before it broke up, hastily resolved that: ¶The T.U.C. General Council should make plans for more extensive nationalization, for the time when the Labor Party is returned to power...