Word: wage
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Dates: during 1950-1959
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...Said Eccles: "I have been against the wage freeze. Bad chancellors resort to it as drunkards cling to lampposts, not to light themselves on their way but to conceal their own instability...
...aggression ceased in Korea. But, Truman insisted, "It can be done. And if it is done, think what a prospect would open up for the future of mankind . . . There would be greater freedom, greater production, greater enjoyment of the fruits of peaceful industry. Through the United Nations we could wage the only kind of war we seek-the war against want and human misery. In the lifetime of our own generation, we could bring about the greatest period of progress for the world in all recorded history. This is our vision. This is our hope...
...Anybody Listening? The wider issue, the question of wage stabilization, was not so easily settled. The Truman Administration sent in a team of speechmakers to urge the C.I.O. to take it easy on the wage front. Truman opened the discussion in his message to the convention. "We must get our own defense production program rolling in high gear," he said, "and we must find the way to do this without bringing on renewed inflation ... It means restrained and responsible actions by businessmen, farmers-and workers, too . . ." Later, after a $15-a-plate roast beef dinner, Price Stabilizer Mike DiSalle...
...soon apparent that the Administration line was not a success with the C.I.O. The Textile Workers President Emil Rieve, who is a member of the Wage Stabilization Board, expressed the sentiments of many delegates. "The employer gets two shots against our one," he said. "By that I mean that when the worker goes out on strike, and if that strike is lost, the employer defeats the workers, and that is the end of the story. But if the workers go out on strike and they win it their victory cannot be enjoyed by them. They must go to the board...
...convention's wage resolution and the speeches boiled down to a C.I.O. policy of demanding less flexibility for prices, more flexibility for wage increases. Phil Murray gave the issue a practical turn. His steelworkers union, he said, expects...