Word: wage
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Dates: during 1950-1959
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...While mistrusting both tax cuts and wage boosts, the public "clearly favors some Government action" to halt the economy's slide-principally public-works programs, especially roads and schools...
...weak, he argued long and loud for industry-wide bargaining, hoping thus to get more prestige-and members-for his union. Now, says Reuther, "there is no way they can force us to bargain on an industry-wide basis." Industry-wide bargaining would cost Reuther his major weapon in wage negotiations: the "key bargaining" tactic by which he singles out one company for attack, then uses that settlement as a pattern for the others. In 1955, at the last auto bargaining, Reuther's whipsaw worked to perfection and wrecked the industry's informal agreement to hold firm against...
...United Auto Workers aggressively presented their new wage demands to Ford and Chrysler last week, Detroit's worried automakers got some sound advice from Harvard University. Said Economist Sumner Slichter: "The auto companies would be wise to maintain a united front that would sooner or later lead to industry-wide bargaining...
...equals at the bargaining table. While big labor keeps a united front, management does not, and frequently comes off second best as one company is played against another. This weakening of industry's bargaining power is a big factor in rising prices, pushed higher and higher by wage boosts...
...other industries, a few of the biggest companies have also banded together for mutual protection. Libby-Owens-Ford and Pittsburgh Plate Glass, which comprise 95% of the plate-glass industry, got tired of seeing their wage scales leapfrog because of individual bargaining, feel that they have done much better since they decided to bargain together after a strike in 1936. Said a Pittsburgh Plate Glass executive: "We saw it as a means of protecting ourselves against the union's whipsawing tactics...