Word: wage
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Dates: during 1950-1959
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Mike Di Salle offered Arnall some genial advice on how to "grin & bear" the trials of OPS. Arnall will be facing three trials in short order: 1) the price-wage dispute in the steel industry; 2) the program of partial decontrols, already launched by Di Salle; 3) congressional hearings on the new price and wage stabilization bill...
...graft and crime. Still, the U.S. may not quite understand how organized crime can become. Subjected to the American genius for systematic administration, the casual bribe and the brutal threat are sublimated (and made more dangerous) by standardization of services, fixing of prices, replacement of piecework by a regular wage, centralization of authority and cost accountancy. A case in point is that of James J. Moran...
...Debate Council scored its first victory against two defeats in Ivy League competition last night, by scoring a two to one decision over the University of Pennsylvania on the topic, "Resolved: That the federal government should adopt a permanent program of wage and price control...
...Rarely does a big union group agree to a major wage cut. But this week some 20,000 A.F.L. hosiery workers in Pennsylvania, Indiana and Wisconsin broke the trend, took a 15% to 25% cut. If they had refused, chances were that the 29 mills where they work would close down. Northern hosiery manufacturers have been hard hit by competition from the South's predominantly nonunion mills. With the wage cut, the northern companies are hopeful that they can compete again. Said one unionist: "We don't like this. But it is a matter of survival...
Meanwhile Columbia announced a tuition boost of $150, which brings next year's college cost to $750. Part of the increased funds are earmarked for payrolls; the New York school plans to establish a minimum annual wage of $3,600 for full-time instructors, and to raise salaries all the way up the line...