Word: waged
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Dates: during 1960-1969
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...rise in nickel prices had been expected, but the increase from $1.03 per Ib. to $1.28 was the largest in this century. Inco rested its case for the steep rise as much on its plan to spend $600 million for expansion by 1973 as it did on the wage increases. Even without the strike-induced shortage, the world demand for nickel has been outpacing supply, and the imbalance could continue for several years...
...week. Its determination is a sign of the growing bitterness in U.S. labor relations. Union men, whose pay raises in the past few years have barely kept pace with price boosts, increasingly feel that corporations and the Government are taking advantage of them by urging the acceptance of moderate wage hikes as part of the fight against inflation...
...stated goal of Sweden's National Trade Union Confederation, or Lands-organisation, is "to give due consideration to the effect of wage developments on the national economy." Sweden's powerful LO represents one worker in every two, and Denmark's LO also has every second worker as a member; Norway's encompasses a third of all breadwinners. Management groups are equally strong, well-organized-and enlightened. Corporations provide quite a few fringe benefits. Oslo's Tandbergs Radiofabrikk, for instance, supplies a gym for its employees and holds parties for them, including one near Christmas...
...different from Johnson's. Johnson's jawboning involved White House pressure on specific industries against specific price increases. Nixon is substituting mild admonitions to business and labor en masse. Last month he wrote to 2,200 business and labor leaders, urging them to hold the line on wage and price increases. Last week he followed up by inviting 3,000 corporate leaders to the cavernous ballroom of Washington's Sheraton-Park Hotel; 1,800 came for an anti-inflation "briefing" reminiscent of a college pep rally on the eve of the big Thanksgiving football game...
...September, but a one-month variation of that size is not enough to signal any turn. Economists find it at best a mildly encouraging sign that the rate of price increases is leveling off. Four prominent Manhattan clothing manufacturers joined last week in a startling call for federal wage-price controls. Said Lawrence S. Phillips, president of shirt-making Phillips-Van Heusen: "Unfortunately, all other efforts to halt inflation have failed. Unless some action is taken immediately, a monetary and social situation rivaling that of Depression days is inevitable." President Michael Daroff of Botany Industries, Richard Schwartz of Jonathan Logan...