Word: wages
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Dates: during 1930-1939
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Though they were asking for a 15% rate increase on all freight as an emergency measure to offset lost revenues and thereby avert wage cuts, defaults and receiverships, the carriers intimated they had no idea of using such wholesale authority, if granted, to an extreme. Many rates, particularly those on short-haul goods for which trucks compete, would not be changed. What the roads were really after was I. C. C. permission to adjust rates of their own choosing within a 15% range, thereby increasing their operating revenue by 10%. To avoid protracted arguments over individual rates, they consolidated their...
...Government has good reason to be jumpy. For the last two months Norway has been weathering a nationwide lockout imposed by well-organized employers to force superorganized labor unions to accept wage cuts...
News from the wage-front last week included...
There is no more distinguished proponent of wage maintenance than President Farrell, but his painful report of the situation was as follows: "We are living in a fool's paradise if we think that every steel manufacturer in the United States has maintained what is generally known as the current rates of wages. It has not been done. There has been honeycombing and pinching and that sort of thing. And even among the most talked-of companies, the so-called big companies. ... I am not going to mention names of all of the companies in this room that have...
Other news from the wage front last week included...