Word: waged
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Dates: during 1950-1959
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...America and the industry's four-man team, representing twelve companies, devoted more time to bombarding each other with press releases than to negotiating. At week's end the talks degenerated into a pointless skirmish over routine procedures of negotiation, and the union's 171-member wage policy committee authorized its officers to call a strike...
...Cannon Mills Co., vested proprietor of Kannapolis, Charles Cannon presides over trash collection, fire fighting and street maintenance, collects rent from 1,700 homes, subsidizes the police department and owns most municipal real estate, including the downtown business district. He also employs the majority of the town's wage earners...
...contract with an hourly boost of about 30?. But just before they signed,Joseph Frederick, local president for 25 years, had an unusual idea. Among them, his 1,300 men have 2,436 children; 94 are of college age. but only 21 are in college. Why not forgo the wage hike, start a college fund for members' children? The men voted in favor unanimously: the employers enthusiastically agreed to kick in a 3% payroll tax. Result: $15,000 annually for four scholarships at Adelphi College, with more likely next year - apparently the first and only such union fund...
Earlier Retirement. While only a handful called for a general wage increase (average demand: 12½? or 15? an hour), many a worker wanted to wipe out wage inequities and sweeten fringe benefits...
...favorable light, and tends to downgrade what Galbraith calls the "conventional wisdom." It is not suprising that a third of Harvard's students declare themselves in favor of "reduction of current unemployment by government action, even at the price of aggravating inflation," or that two-thirds support "government wage and price controls to check inflation"--the second policy presumably helping to balance the first...