Word: wage
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Dates: during 1950-1959
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...White House -has tried to put a brake on inflation by "tight money" policies; i.e., by making credit increasingly expensive, it hoped to restrain excessive business investment. But the new cost-of-living rise seemed to defy such measures. Reason: at the root of the rise are the succeeding wage increases won by union members in the past year-increases which have not been compensated for by higher productivity, but which have resulted in higher manufacturer prices (up 7% since mid-1955). The prospect ahead: more of the same...
...stop the wage-price spiral wrinkled many a Washington brow last week. One possibility which the Administration shudders to think about: a national policy limiting wage increases to those justifiable by rising living costs and improvements in actual output. Best bet: an all-out effort to warn big labor and management of the dangers of unrestricted wage-price increases. Said Dr. Raymond Saulnier, new chairman of the President's Council of Economic Advisers: "Federal monetary and fiscal policies cannot solve the [inflation] problem, though they can do much. We will also require the efforts of both business and labor...
...substantial victories won by unions at the bargaining table have come from the giants of industry. It was the United States Steel Corp. that gave unionism a bloodless foothold in the mass production industries 20 years ago. It was Ford and General Motors that capitulated to the "guaranteed annual wage." At every intermediate period since the New Deal, unions have relied on "Big Business" to set the pattern of labor gains. The result of cordial day-to-day relations over a long period is a dichotomy that translates out something like this: All "Big Business" is bad except the particular...
...midweek the harassed steelworkers went to court, asked for an injunction to force Dolores to return the keys to the union's files. They also indicated that they would forgive and forget if Dolores would come back, even offered to hike her weekly wage from...
...major part of the nation it is false. On the major issues of today, the two parties have proposed sharply differing solutions. More specifically, the Republican party stood for tax cuts at the top and tax relief for the large industrial concerns, rather than for the small wage earner and the small businessman. The Republican Party proposed private development of natural resources, while the Democrats favored comprehensive development through agencies like T.V.A. In public housing, the Republicans offered 50 percent less than the Democrats. A long battle for vast federal aid to education has been instituted by the Democrats, while...