Word: wage
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...facts, as New York Timesman Edwin L. Dale Jr., 33, reported this week: 1) in 1952-55, retail prices of manufactured goods, as well as food prices, declined a bit on the average; 2) the main inflationary factor is not a wage-price spiral so much as the fact that service businesses (mostly small), along with landlords, doctors and dentists, keep pushing up prices of "non-goods"-services, utilities, rents, transportation fares...
Successful as these manipulations were in stalling off the dreaded wage increase, they have cost the government an estimated $195 million a year, in increased subsidies and lost taxes, at a time when the government needs every franc it can lay hands on. In just over a year, excessive consumption of imported raw materials-aggravated by the post-Suez necessity of buying U.S. "dollar oil"-has cut French gold and foreign-exchange reserves from $1.7 billion to $934 million. Between the Algerian war (daily cost: about $3,000,000) and increased old-age pensions, this year's national budget...
Ignored Danger. Where Kennedy left off. President Eisenhower himself took up in an open letter to California's Bill Knowland, the Senate minority leader: "We cannot wage peace with American arms alone. The pending [Russell] amendment ignores the danger of subversion. This we must not do. These nations need effective security forces, [and improved] economic conditions ... It is hardly reasonable to insist that these funds ... be spent only for programs approved [by Congress] before such drastic changes occurred...
Approval of the amendment would suggest that our country wants only to wage peace in terms...
...Chamber of Commerce audiences came out strongly against the big budget, the federal school-construction program, Government floors under wages and ceilings on hours, the extension of the minimum-wage law to 2,500,000 more workers as recommended last week by Secretary of Labor Mitchell. Many favored a cut in foreign aid, a reduction in domestic welfare programs...