Word: wage
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Dates: during 1950-1959
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Controls. The Economic Stabilization Agency announced that it would open 13 regional offices, obviously getting set to enforce price and wage controls when necessary...
...better job, labor got a bigger slice of the economic pie; the average U.S. manufacturing wage in 1950 rose 14%, from $56 a week to an alltime high of $64. Corporate profits also scaled a new peak. The estimated grand total after taxes: $23 billion, up about 27% over 1949. As their share, stockholders split their biggest melons in history. But dividends of $8.5 billion were still a much smaller percentage of profits than in pre-World War II years, largely because corporations were pouring so many billions into expansion...
...position espoused by such men as Republican Harold Stassen and Democratic Senator Paul Douglas of Illinois-the position that at the next aggressive move by Communists, Russian or satellite, wherever it came, the U.S. should go to war with Russia. In this view the U.S. should stay in Europe, wage an air and sea blockade on Communist China, and take allies where they could be found-Nationalist China's Chiang Kai-shek and his army on Formosa, Generalissimo Francisco Franco and his strategic Spain, Tito and Yugoslavia...
...shaky victory over General Motors Corp. (see BUSINESS), and followed it by slapping on the first wage ceiling since World War II-on automobile workers' wages, which he ordered held at present levels until March...
...order looked more dramatic as a headline than it did as a fact. Most of the nation's 1,000,000 auto workers had recently received substantial pay increases, and would not be eligible for another wage adjustment until the March 1 deadline, anyway. Stabilizer Valentine ducked the most controversial question: what, if anything, to do about "escalator" clauses in the auto workers' contracts. Such clauses would prove troublesome if ESA finally imposed a wage freeze...