Word: wage
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Dates: during 1950-1959
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...professors criticized the Administration's faith in our ability to "talk our way into the road of prosperity." President Eisenhower's recent attempts to cajole business into offering the public more for its money and his pleas for labor to limit wage demands are insufficient to start a major upswing, they stated...
...When a carpenter spokesman called this offer 'ridiculous,' a spokesman for the contractors stated, 'we are disappointed to learn that the carpenters' committee does not yet have the power to negotiate and are rigidly holding to their original 50-cent an hour wage increase demands made last February.' We are still waiting for the carpenters' committee to come back with a reasonable counter-proposal...
...spokesman noted that striking workers in other trades had all accepted compromise measures. The carpenters alone have been sticking to their "unreasonable" demand for two 25-cent wage hikes in a two-year period...
When it came to other cures, Houser's antirecession committee came out for expansion of Government spending already under way and product improvement and price reductions by business, suggested that President Eisenhower use his influence to get a one-year moratorium on price and wage hikes. But the idea of a price-wage freeze got little support from the meeting's free enterprisers, who had no enthusiasm for urging the President to take such a direct hand in the wage and price process, even on a voluntary basis...
Speaking before the National Association of Mutual Savings Banks in Boston last week, Reierson noted that "many maladjustments have entered the economy in recent years, and their correction may be neither painless nor swift." Troublesome problems are the continuing rise in wage rates in the face of unemployment, and the rigid price structure that keeps prices high in the face of surpluses...