Word: wages
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Dates: during 1930-1939
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...formally renouncing their plan for a 15% wage-cut, as recommended by President Roosevelt's fact-finding board (TIME, Nov. 7), the U. S. railroads dumped their whole rehabilitation problem into Mr. Roosevelt's lap. He promptly asked the six-man committee representing Management and Labor chosen by him in September, to work up a program of railroad legislation for him to present to Congress when it convenes...
...last week. Mr. Martin played a noticeably lone hand. By doing so he was able to crack a situation which hitherto had hampered efforts to organize the suppliers. Because of intense competition in the supply business, automakers largely dictate the prices paid for parts, and thus in effect the wages paid by their makers. Harry Bennett last week announced: "Our purchasing department has been instructed not to favor parts manufacturers with low wage rates at the expense of competitors with higher wage scales and better working conditions...
...tide of pressure groups, Washington during the past month was the scene of a unique Battle of the Pressagents. Sitting in judgment was an emergency Fact-Finding Board of three appointed by Franklin Roosevelt to decide whether railroad managements were justified in imposing a general 15% wage cut (TIME, April...
...deliberation, reporters were called to the White House. There the board's chairman, Chief Justice Walter Parker Stacy of North Carolina, who has all the mannerisms of a country judge including scratching his head with his gavel (see cut), wearily announced that the board believed the wage cut unjustified...
Judge Stacy and his co-members, Dean James M. Landis of Harvard Law School and onetime Economics Professor Harry A. Millis, said flatly that: 1) railroad wages are not high; 2) a horizontal wage cut would not meet the emergency since the savings would not go merely to the needy roads; 3) a wage cut would run counter to the present trend of U. S. wages; 4) the railroads' distress since October 1937 is still a short-term situation which the current improvement in business may correct; 5) therefore, the roads should drop the whole idea...