Word: wage
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Dates: during 1950-1959
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...glaring example of how poorly bureaucratic enterprise in Guatemala does by its workers is the government farm system, which accounts for nearly a third of the country's agricultural production (mostly coffee, bananas and sugar). The top basic wage is 46? a day, compared with 74? on some private farms and a guaranteed minimum of $1.36 on the plantations of the United Fruit Co., which government spellbinders frequently hold up to the workers as a capitalist ogre. In their ramshackle huts government hands are as ill-housed as any agrarian workers in Guatemala...
...situation, though it meant hitting at the government. They called a strike on the government's most valuable farm, 11,000-acre Finca La Concepción, threatened walkouts on other federal farms. Last week, the government finally agreed to pay the demanded 80?-a-day minimum wage on Concepción and a few other farms. On most of the government's 126 farms, wages will remain the lowest in the country...
...months ago a kind of companionate marriage was arranged between the A.F.L. and the C.I.O. Along with railway labor leaders, they formed the United Labor Policy Committee to present a solid front in Washington on mobilization policies. The U.L.P.C. wielded considerable influence in Washington, helped push through the new wage policy, and seemed to be there to stay. But last week, as the family settled down around the conference table, the A.F.L. members confirmed reports that they were filing for immediate divorce...
...inflationary things that General Motors had anything to do with in 1950, although there was no general criticism . . . The increase in the dividend . . . over [1949's put] approximately $176 million more purchasing power into the hands of the stockholders. An increase of 5? an hour in the G.M. wage rate, continued over a year for 400,000 people . . . only [put] $40 million in purchasing power into the hands of employees...
...Most people will agree that if productivity increases with wages, then the increased wages are not considered inflationary . . . The General Motors type of agreement has greatly improved employee morale and attitude towards work. We did achieve an improvement in labor efficiency last year somewhat in excess of the 23% [wage increase] we granted the men. "I am personally convinced that, if there were no unions and no labor contracts like General Motors has in the auto industry, the increase in wages would already .have greatly exceeded what has occurred . . . For if we had a completely free labor market with...