Word: wage
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Dates: during 1950-1959
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...union three weeks ago opened negotiations with the University for a ten cent hourly wage increase that would affect over 1,000 employees including maids, janitors, engineers, and maintenance...
...most recent agreement between union and University was reached last spring when a five-day work week for the maids brought an hourly wage increase from 75 to 82 cents. Mulvihill noted that "with the four-cent weekly pay increase the University ceased to engage the usual number of maids, increasing the work of each maid by adding an average of four extra students to those whom she already had been working...
When union president Daniel G. Mulvihill requested another wage increase for University maids, he did not expect to touch off a purge of gracious living. But the University immediately announced its favor toward the Tech plan of a porter service, of, by, and for the students. The traditional Harvard maid was dusting on towards extinction...
...elder statesman of U.S. finance this week warned against straitjacketing the nation's rearmament economy with price & wage controls. In an all-out war, said Russell C. Leffingwell, who at 72 had just stepped down from the chairmanship of J. P. Morgan & Co. Inc., such controls are necessary. But in the twilight period of half-war, half-peace that lies ahead, they would stifle the economy. The basic problem, wrote Leffingwell in Barren's, is to stimulate production, discourage nonessential civilian consumption. Price-fixing, he insisted, would do neither...
...allowed to run its course in the first place . . . Price-fixing has always failed, from Diocletian* to Truman . . ." Free prices "provide the best method of stimulating production of the things that are really needed, and of restricting consumption of the things that are in short supply." To Leffingwell, frozen wages are no better than frozen prices: they "tend to retard the movement of men from nonessential to essential jobs ... I do not believe in forced labor . . . and that is what wage-fixing means...