Word: waged
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Dates: during 1950-1959
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...such major industries as copper, shipping, railroads and meat packing in what promised to be the greatest labor-management confrontation since the sit-down-strike days of the 1930s. At stake was not only the prosperous pace of business but the President's own strong stand against inflationary wage-price boosts...
...campaign in a friendly contract-signing session with Chairman Edgar Kaiser of California's Kaiser Steel Corp. (2% of steel capacity). Steelman Kaiser (see BUSINESS), refusing to stick with other operators through the injunction procedure, signed a 20-month union contract giving his 7,500 employees a yearly wage-and-fringe-benefit boost worth 11.25? an hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which includes a $14-a-ton West Coast premium on certain steel shapes, a newer...
Long since eliminated from the stalemate were such negotiable issues as wage hikes, on which the gap remained only a cent an hour. The big difference was one of principle, to wit, the industry's need for more flexible work rules so that the mills can use their work forces more efficiently to cover the costs of higher wages and higher benefits. Snapped R. Conrad Cooper, U.S. Steel Corp. vice president and top industry negotiator: "The basic position of the steel companies is not about to crumble whether or not there is an injunction." And even though auto assembly...
...nation's railroads this week served notice on the industry's five operating unions of proposed work-rule changes they want in the next railroad agreement to replace the one that expired last week. Preliminary wage sparring has already gone on. The unions pressed for a 36?-an-hour boost, and the industry has counterproposed a 15? wage slash. Despite the wide gulf in wage proposals, however, the big fight will still be over union featherbedding. To eliminate featherbedding, the rail companies asked the rail unions to: ¶ Extend the basic day's mileage pay from...
...broad main topic is divided so that each member of the Conference can study a sub-topic in depth. For example, the Conference on inflation in the American economy, this fall touched on "inflation and income distribution," "the national debt in an inflationary environment," and "public intervention in the wage-price process...