Word: wage
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Dates: during 1960-1969
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...debate, Pompidou had gently urged that the labor leaders sit down with him to talk about a settlement. Séguy sent a message that he was ready to bargain; the leaders of the two other big unions expressed similar sentiments. The unions also formulated their demands: a 50% minimum-wage hike, a 40-hour week (v. 45 to 48 hours at present), improved medical benefits, retirement at 60 (v. 65). Such bargaining might yet lead France back into a rational, if highly inflationary, world...
...price for such concessions will come high, particularly for meeting the wage demands of the workers. At week's end the union leaders, meeting with Pompidou and employer representatives, had already won the promise of a 20% increase in France's minimum wage. The bill for that, and the subsequent rounds of inflation that a massive increase in purchasing power is bound to touch off, will almost certainly erode the value of the franc, might even lead ultimately to its devaluation...
...that would test the mettle of any male. After seven weeks as Wilson's new Minister of Employment and Productivity (she was formerly Minister of Transport), she now faces the unenviable task of persuading British businessmen and union leaders to pursue at least 18 more months of wage and price restraints...
...former vice dean of the Harvard Law School, Magruder was a general counsel of the National Labor Relations Board 1934-35 and of the Wage-Hour Division of the Labor Department...
...Minneapolis. "We've won a tremendous victory," crowed Kennedy, whose call for a national strike in 1950 prompted the Government to take over the roads. Finally, in May 1951, the railroads threw in the towel, signed a contract giving Kennedy's men a $97 million-a-year wage increase...