Word: wage
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Dates: during 1950-1959
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...strike of the nation's 650,000 United Steelworkers (C.I.O.) seemed so inevitable that mills had begun banking their furnaces when the Wage Stabilization Board sat down in Washington one evening last week for a final, desperate attempt at mediation. At dawn, the chairman, Nathan P. Feinsinger, 49, a University of Wisconsin law professor, fainted from exhaustion. The board recessed until evening. At 9:30, just 74½ hours before the strike deadline, its twelve haggard members emerged with a majority recommendation...
...terms, as Feinsinger explained them, would grant the union wage and fringe benefits, such as paid holidays, which would eventually cost the companies 26.1? per man-hour (present average hourly wage: $1.81). The union demands had totaled about 35?. The labor members induced the public members to join with them in recommending a union shop...
That put the Government, and the public, squarely on the griddle. The Wage Stabilization Board's proposal seemed to be the only alternative to a crippling strike, but to support it would lead inevitably to more inflation. The other big unions waiting in the wings (e.g., John L. Lewis' miners) would insist on similar increases-and employers would insist on price increases to pay the wages...
Speaking at the Harvard Law School Forum in Sanders Theatre, Bradley maintained that if Eisenhower is nominated another me-too campaign will follow. "Taft," he declared, "is the symbol of what the Republican party stands for" and is the man "to wage a two-fisted fight against Harry Truman and the Fair Deal...
...anti-Fair Trade Emanuel Celler held hearings on a similar bill. Witness Rivers Peterson, managing director of the National Retail Hardware Association, cried that the small retailer is entitled to protection "from exploitation on the part of the predatory price-cutter," just as labor is protected by minimum-wage laws. Retorted the American Farm Bureau Federation's Matt Trigg: Such devices provide "an umbrella for the inefficient" and are inconsistent with a free, competitive economy. Echoed Q. (for Quentin) Forrest Walker, economist for Macy's: "The simple truth is that no group fights for price-fixing privileges except...