Word: wage
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Dates: during 1950-1959
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...months ago. A principal point at issue in the onrushing jet age: whether the third man in the jet cockpit should be a pilot or flight engineer. ALPA and American had reached an informal agreement by adding a fourth man as third pilot. But then they disagreed on wages and flying hours for crews of both jet and piston-driven planes. American offered substantial wage increases, e.g., from $19,200 annually to $28,000 for eight-year pilots, but demanded that pilots continue to fly 85 hours a month, the maximum allowed by the old contract. ALPA asked a scale...
Iceland. The leftist coalition fell apart on methods to halt the rising cost of living and to solve a wage dispute in the important fishing industry (the Minister of Fisheries and Trade is a Communist, and most of the fish is sold to Russia). Non-Communist Premier Hermann Jonasson wanted a one-month wage-and-price freeze; the Communist-led Labor Alliance objected, and the dispute has left Iceland with no government for two weeks...
...Wage Rise: To regain labor's support, politicians raise wages. Both prices and wages have then reached a new level...
...Argentina, prices overtook a general wage increase of 60%, granted by President Arturo Frondizi shortly after he took office in May. With bigger paychecks bidding for the same goods and services, the cost of transportation has gone up 50%, newspapers 70%, a cup of coffee 60%, beer 70%, the movies 50%. Result: Buenos Aires movie operators struck for higher wages, closing theaters, and butchers shut up shop rather than sell price-controlled meat...
Brazil was in the third phase. Buckling under labor pressure, President Juscelino Kubitschek offered Brazilians the merriest Christmas in history-a 60% increase in minimum wages, and a 30% pay boost for the army and government employees, effective immediately. Playing Santa Claus would raise Brazil's record budget deficit of $285 million, but the news of the proposed wage hike ended the recent rash of cost-of-living riots (TIME...