Word: wage
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Dates: during 1950-1959
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...miss was fired by Economic Stabilizer Eric Johnston. He approved a 6?-an-hour escalator clause raise for 1,000,000 non-operating union railroad workers (telegraphers, clerks, etc.), thus blowing a hole through the wage ceiling he had put on in February. Johnston argued that 1) there were special reasons for doing so in this case, and 2) other unions wouldn't be able to sneak through the same hole. But the same special reasons seemed to apply to 1,000,000 other railworkers. Other unions whose wages are tied to cost-of-living escalator clauses were thinking...
What is the explanation? For one thing, the Canadian government eagerly encourages U.S. capital. Provincial governments vie with each other in offering attractive tax concessions. Canada's labor force is first-rate, its wage scales are lower, its raw materials often cheaper, its markets growing. Most important, however, U.S. business has recognized that Canada is still a great industrial frontier. Says General Motors President Charles E. Wilson (whose company is currently spending $30 million to expand its Canadian operations): "This is a vast storehouse of mineral and agricultural wealth waiting for further development . . . G.M. is bullish on Canada...
This rule will put a premium on efficiency, let low-cost operators get a better break than inefficient, marginal ones. But Di Salle warned that OPS will not allow any new increases in costs (e.g., cost-of-living wage increases) to be added automatically to prices...
...Never do anything today that you can put off till tomorrow"), but the golden touch never deserted him. When he left the farm to go to Detroit at 18, it was to learn the drugstore business. He quit at the.end of the first week when he learned his apprentice wage: 50? a week. Within a year he was circulation manager of the Detroit News and, thanks to his commissions, was making more than the owners...
...same goes for Melanesia, but the Micheners add a practical if: "If we could earn some income, have screening, some kind of lighting system and some native boys willing to work for a decent wage...