Word: wage
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Dates: during 1950-1959
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...present mood of business is caution. There's been a slow climb to a very comfortable plateau on which businessmen make money and wage-earners have plenty to spend. The climb is over. The national economy could take plenty of lumps and remain where it is." Thus Harry Stoll, president of Chicago's Mandel Brothers department store, last week summed up the mood of many businessmen. Despite the slump in auto sales, tight money and sagging farm income, the nation's economy was actually holding up fine. Industrial production steadied at 142, only two points off December...
COMPANY BOOKS must now be opened to a union if the company claims economic inability to pay wage demands, says U.S. Supreme Court, upholding previous decision by National Labor Relations Board. But NLRB must decide each case "on its particular facts...
...talk of a price boost to $15 more per ton-the biggest hike in history. Such talk is partly to prepare U.S. businessmen for an unpopular move, and partly to put much of the onus for the rise on the United Steelworkers, who are expected to demand a big wage increase, possibly as high as 60? an hour. Even if the Steelworkers get as much as 20? an hour, the union claims that it will cost the industry only an additional $4.00 per ton. While other costs are also climbing-iron ore is up 7.4% since July, railroad freight...
There is little doubt that a steel price rise is coming. Steelmakers will have to guard against making it so big -i.e., putting it too far above wage increases and expansion costs-that its inflationary effects will harm the entire economy of the nation...
...FIRST WAGE SETTLEMENT of 1956 for a big, nationwide industry has been given clothing workers. Manufacturers have agreed to 12½? hourly pay increase for 150,000 members (average pay: $1.65 per hour) of Amalgamated Clothing Workers of America. Added benefits bring package to about...