Word: wage
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Dates: during 1960-1969
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...South and Southwest is there a palpable feeling that an all-out effort should be made to ensure swift and total military victory. In South Carolina, home state of General William C. Westmoreland, the public attitude, as summarized by Democratic Senator Ernest Rollings, is to "invoke the necessary price, wage and commodity controls, shelve the 'Great Society' for now, and call up the needed units of reserves and National Guard...
...unions' attitude symbolizes a growing unrest over Wilson's efforts to ease Britain's balance-of-payments problem by a deflationary squeeze that hit the public first with tighter credit and a wage freeze, then hit it again with rising prices. Said Tory Leader Ted Heath in a burst of unusual asperity: "The country should explode with anger at the stupidity and incompetence of this Labor government, which stands paralyzed while unemployment of its own creation mounts...
General Motors Vice President Louis G. Seaton, speaking for the industry, described the package as "a sizable offer and a big one. It would result in the largest wage increase ever offered the U.A.W." It look the union only 24 hours to reject the proposals as "inadequate and inequitable...
Despite such seeming largesse, the industry's offer could hardly be taken seriously except as an initial bargaining position. Almost completely ignored were such key Reuther demands as a guaranteed annual wage and parity between U.S. and Canadian workers. And the union leaders thought that the automakers were downright insulting in their suggestion to put a ceiling on U.A.W.'s cherished cost-of-living escalator clause...
...Then again, he has an aging problem of his own. More than 40% of the U.A.W.'s 1,500,000 members are under 30, whereas Reuther turns 60 on Sept. 1. He is having particular trouble with the 200,000 U.A.W. skilled tradesmen, who long for the 13% wage increases that building tradesmen are getting in some cities and complain that Reuther has debased their "dignity" by paying more attention to the needs of ordinary production workers. Reuther has promised to "go to the mat" for at least one of their demands-that auto companies end the practice...