Word: wage
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Dates: during 1950-1959
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Committee Democrats squirmed at Slichter's blunt insistence that the main cause of present-day creeping inflation is labor-union pressure for wage increases. Republicans winced at his equally blunt plea for a $3 billion deficit in the fiscal year ahead to stimulate the economy and shrink unemployment. Trying to be helpful, Wisconsin's Democratic Congressman Henry S. Reuss said he was sure that Slichter did not really favor a deficit "as such." Retorted Slichter, touching off a burst of laughter: "I think...
...million women are now wage earners, twice as many as in 1948. There are 26 women in the national legislature, 360 women seated in local assemblies, one woman mayor. In more than 30,000 clubs and P.T.A.s throughout Japan, house wives go in for cooking classes, sewing circles, charity drives. Wives can also be militant, and have often backed their husbands in strikes by bullying shopkeepers into advancing credit, badgering government officials and forming picket lines. The women of Japan are fiercely antiwar, anti-rearmament, anti-H-bomb...
...bill authorized Alessandri to grant a once-and-for-all nationwide wage adjustment, reorganize the tax system, fire civil servants, establish a new monetary system, modify the nation's banking. He will also be empowered to reorganize public utilities, consolidate government or semi-government agencies, control monopolies and practices that restrict free trade. The powers are drastic, but so is the squeeze on Chile's economy. The 1959 budget of $465,600,000 is unbalanced by $242,500,000; industrial output has sagged 10% in the past three years; food production falls far short of keeping up with...
...equipment is demanded by General Electric, Westinghouse, Allis-Chalmers and other U.S. makers. They contend that U.S. equipment is better and breaks down less, that foreign builders in wartime could not supply parts and services to bomb-damaged U.S. power plants. They admit that they cannot compete with low-wage (about one-third the U.S. average) foreign producers, but plead that the U.S. should support the domestic industry to keep its huge machines and highly skilled men ready for an emergency...
...allocate business among blousemakers. Also charged with criminal conspiracy was Harry Strasser, a partner with slain Gangster Albert Anastasia in a dress company. According to Justice, Strasser twice played a prominent role in lining up blouse subcontractors to join with the union and the jobbers in eliminating cut-wage competition and in jacking up prices...