Word: wage
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...spending increases faster than the stock of consumer goods, exhortation and direct price and wage controls cannot keep price down. Price-tags may be fixed, but goods go under the counter. Whether or not inflation is "suppressed" by controls, the effect is the same; commodities go off the market into hoards and people with relatively fixed income suffer a sharp cut in their living standards...
...Window-Dressing." They set forth their dissatisfaction with almost every angle of the mobilization program, including the wage formula, which they called "unfair, unworkable and unjust," and the price policy, which they called "legalized robbery." (Even as they were voicing their outrage, Price Stabilizer Michael Di Salle was gingerly taking some 200,000 items out of the freeze and substituting a new system of controls-see BUSINESS...
...Ceiling. The bosses were not placated when Eric Johnston, turning his eyes heavenward, announced he would re-examine the wage formula, which had precipitated the whole fight. Its 10% ceiling was already shredded with exemptions for fringe benefits, incentive payments, adjustment of inequities. Johnston punched out a new hole. He exempted cost-of-living wage boosts so long as they were in contracts signed before Jan. 25, the day of the Big Wage Freeze...
...Bureau of Labor Statistics announced encouragingly next day that the cost-of-living index had risen 1.5% between Dec. 15 and Jan. 15-thus 2,700,000 workers, mostly in the automobile and electrical industries, would get increases up to 5/ an hour. But no wage or price formula would get at the real reason for organized labor's onslaught. The ultimatum made that clear. The U.L.P.C. wanted a hand on the controls, not just a place at the navigator's table. The U.L.P.C. wanted to strike down the one-man rule...
...labor cacophony last week there was one sweetly reasonable note. The wage demands of some 1,000,000 railroad workers were settled peacefully after two months of negotiation without strikes, stoppages, or even the threat of a walkout...