Word: wage
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Dates: during 1950-1959
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...competitive position in world trade. "It is a plain economic fact," said Sinclair Oil Vice President Millard E. Stone, "that the country can no longer afford to let management be handcuffed by archaic work rules which prevent maximum efficiency, nor by the kind of uneconomic wage increases which subject the public to further inflationary pressures. Our continued failure to recognize the impact of labor costs on our competitive standing has brought us to the point where we stand to lose our domestic and foreign markets...
...Much Too Soon. In Washington, high Government officials admitted that they are appalled by the mulish stubbornness of both sides, but privately they tended to blame management more. They feel that management is trying to do too much in one contract, that it should settle the wage question now, leave the local work rules until later. Labor Secretary James P. Mitchell rapped labor for holding to "status quo at any price," and reproached management for "attempts to change by the bang of a single gavel working habits built up over many years." A renewal of the strike in January, said...
...factories and sweatshops have tripled to an estimated 500 in the past four years, boosted the number of workers from 4,000 to 50,000. To compete in the cut throat world textile market, the Hong Kong garmentmakers' chief weapon has been cheap labor; the average daily wage is $1.77 for a ten-to twelve-hour...
...Government will be greater if the steelworkers walk out again Jan. 26. as they promise to do unless a contract is signed. Trying for a settlement, the eleven-company negotiating committee secretly submitted a better offer while negotiations were recessed. The new offer 1) raised the management proposal on wage increases and fringe benefits slightly (to 30? an hour by the companies' reckoning, spread over three years); 2) increased cost-of-living increases to a maximum of 8? v. 3? previously offered, and 3) proposed a two-man union and management committee to try to solve work-rule problems...
...union has demanded an immediate 25 cents hourly wage hike, although its members presently receive $2.51 an hour plus fringe benefits, highest in the nation. The transit authorities, on the other hand, have proposed nine pages of work rule changes designed to save $2 million annually, and will probably refuse to grant another wage boost...