Word: wage
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Dates: during 1960-1969
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...with the hospitals and found them totally unprepared. They have to pay interns and residents halfway decent salaries ($9,000 to $12,000 in some areas). What has hit them hardest is the demand of scrubwomen, kitchen help and janitors to be paid what is called a living wage. Most U.S. hospitals are grudgingly raising the pay of this nonprofessional help to $1.60 an hour, though in New York and California the rates are nudging $2.50 an hour...
...yield bonds and into stocks, which are a better hedge against inflation partly because buyers think that they are. Inflation has contributed to both the stock market overspeculation and Wall Street's glut of back-office paperwork. * Because of rampant inflation, unions increasingly demand unlimited cost-of-living wage increases instead of limited boosts. Complains Paul Carmichael, a Pittsburgh electrical workers' official: "The ink is hardly dry on labor contracts these days before price increases make them obsolete...
Steinhart rehired McMurray with back pay, stating, according to the employees, that Brentano's did not wish to interfere with their right to unionize. Steinhart and the employees will meet next week to clarify a written wage policy for the Phillips store; the employees plan to meet on Monday to discuss organizing plans...
...interview yesterday morning, Steinhart replied to the charge made on Thursday by the employees' group that Phillips' wage policy was "inequitable." Brentano's did not lower wages when it bought the Phillips store, Steinhart said, and does grant raises for seniority. Although Phillips has paid temporary student help more than permanent employees at inventory, Steinhart noted, the wage difference was not meant as deliberate discrimination...
...When Brentano's bought Phillips," claims Ann Williams '69-2, a former Brentano clerk and a member of the labor committee, "the wage scale at Phillips was higher than it is now. Since then," she said, "they have hired new people at a lower rate of minimum wage...