Word: wage
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Dates: during 1950-1959
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...Pleaded with both Congress and the public for extension and stiffening of price, wage and rent controls. "If we let inflation run away," he warned, "the Russians will win the cold war without firing a shot." The issue was above politics, he told a congressional delegation from both parties. The same day, Democratic Party Chairman Bill Boyle mailed out 50,000 copies of a letter calling the Republicans the "inflation party...
Less than four months after freezing wages to head off inflation, the Wage Stabilization Board essayed a back-wrenching feat of economic gymnastics, cartwheeled over to the stove, and began thawing wages out to compensate for the rising cost of living. Last week by a vote of 8 to 4 (with industry members in opposition), it granted 220,000 meat-packing workers a raise of 9? an hour, thus boosted their pay 14% above the levels of January 1950, and thereby violated the board's own 10% raise limit...
...will be cut 25% on the part of their salaries between $500 and $1,000 a week, 35% between $1,000 and $2,000, a full 50% on everything over $2,000. The total slice for Production Boss Darryl Zanuck, who had agreed in advance to the trimmed-down wage scale: $102,700 from his $260,000 annual salary...
Undoubtedly, the clause does cause some hardship in the minor leagues where there is no minimum wage; baseball should make every effort to improve conditions there. But regardless of any political juggling, the reserve clause cannot be thrown out of baseball without serious results...
Prior to the announcement of the maids' dismissal, wage negotiations between the university and the union broke down...