Word: wage
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Dates: during 1950-1959
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...stir up Congress, Harry Truman decided to stir up the homefolks. Earnestly facing a battery of microphones and television cameras one night last week, he accused an old enemy, the National Association of Manufacturers, and unidentified "beef lobbyists" of trying to scuttle wage-price controls. Unless the people banded together to defeat these "special interests," he warned, prices would go "through the roof," the nation's economy would be wrecked and Russia would "win the world to totalitarianism without firing a shot...
...N.M.U., the Marine Engineers and the American Radio Association (ships' radio operators) wanted their new contracts to show a 25% wage boost (the shipowners were offering 10%), a 40-hour work week at sea instead of the present 48-hour week, a company-financed kitty of 50? per man a day for vacation allowances. By this week, at least 36,500 men were on the beach, no-sail notices were posted in every major U.S. port. The way things were going, nearly half the U.S. merchant fleet would be tied...
Means objected to the $25 levy placed on all members by the A.M.A. to wage an advertising campaign against compulsory federal health insurance. When the A.M.A. informed him that he would be dropped from membership unless he paid, he wrote to the Association that "its present policies I am utterly unwilling to support any longer...
...WAGES & SALARIES The Wage Stabilization Board, which violated its own 10% limit on raises by approving bigger boosts for railroad and meat-packing workers (TIME, May 28), last week punched a gaping hole in the ceiling for 1,000,000 U.S. autoworkers. It okayed a 4?-an-hour boost, for "increased productivity," in most C.I.O.-U.A.W. autoworkers' contracts. Coupled with the 3?-an-hour cost-of-living raise last month, average auto wages were now up to $1.93 an hour, 12% above WSB's January 1950 base period. WSB also ruled that the productivity increase could...
Hardly had the autoworkers gotten theirs when the wage board pierced its ceiling again: it approved a 15% increase for more than 20,000 East Coast shipyard workers. At week's end, WSB seemed to be getting ready to junk the whole idea of a 10% raise limit, approve any existing escalator clauses, and instead control wages on a cost-of-living basis...