Word: wage
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Dates: during 1960-1969
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...period has expired. On the other hand, Johnson promised to try again for repeal of Tart-Hartley's Section 14b, the celebrated "right-to-work" clause that allows states to outlaw union shops. He also asked Congress to "improve unemployment insurance" and to increase the minimum hourly wage, probably from $1.25 to around $1.50-still well below the $1.75 wage approved last year by the House Education and Labor Committee...
...some of the middle-class residential neighborhood surrounding the school, the bulk of the 136th is a slum, known locally as Vine City. Visiting door-to-door, checking in at all the churches, bars, restaurants, and grocery stores, Julian discussed with his constituents his campaign issues: a $2 minimum wage law, a "liberalized urban renewal program," repeal of "right-to-work" laws, abolition of the death penalty and removal of all voter requirements except age and residence. (The election was held June 16, 1965, before the passage of the voting rights bill...
...went to a meeting one of my opponents held and sat in the back. He told the people there 'what is Julian Bond doing talking about a $2 minimum wage when his father doesn't pay his maid that much.' My father's the dean of education at Atlanta University, and he has a maid. So I got up and told the group that if I was elected my father would have to pay his maid two dollars an hour...
...from clear that the settlement was "inflationary" in the national context (presumably the President would not bother about it in any other context). The subway system is certainly not a key industry in the sense that steel or aluminum is. And the underlying assumption of the wage-price guideline is that excessive wage or price increases in key industries have an inflationary impact on the American economy. How great, really, is the danger that an "excessive" transit settlement in New York will transmit inflation to the economy as a whole...
Third, the President's statement continues a regrettable Administration practice: the almost ritual invocation, whenever a labor dispute develops, of the magic number, 3.2. Indiscriminate use is beginning to obscure the economic reasoning behind this figure. The reasoning is simple: To prevent inflation, no wage increase should exceed the percentage rise in labor productivity in the industry involved. Progress in productivity if of course uneven across the economy, varying considerably from industry to industry. Citing the national average of 3.2% during every dispute is simply not logical; nor is it fair to the workers involved, who may deserve more...