Word: waging
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Dates: during 1930-1939
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Last week Benito Mussolini decreed for all Italy a fresh dose of discipline. Every Italian salary and wage will be cut, announced the Dictator, and so will every Italian price. By submitting to this discipline Italians will obtain (without going off the gold standard) the same competitive advantage in foreign trade that U. S. citizens achieved by debasing their dollar. In II Duce's view inflation or debasement is a slick way of cutting wages and prices under the pretense of raising them. For an undisciplined nation such slickery may be the only...
...cornerstone of its existence. That stirring document called for conciliation and arbitration in industrial disputes; protection of workers against dangerous machinery and occupational diseases; abolition of child labor; suppression of the "sweating system"; reduction of working hours with at least one day in seven free; a living wage; "suitable provision" for old and incapacitated workers. Tame though it sounds today, Dr. North's social program struck many a good churchman as downright radical in 1908. Since then the Federal Council has revised its credo, adding notably stronger clauses on social planning and control of credit and money; a "just...
...holding capitalist class? For those who believe strongly in two popular tenets, one, that inflation is by nature uncontrollable, and two, that Mussolini is a power unto himself, the second question will appear wholly gratuitous. But to the remaining minority the query will have its point. Even though the wage cutting scheme be inferior to the price-raising, alternative, II Duce might infinitely prefer to slash at the defenceless proletariat in the usual fashion rather than tread so heavily on the toes of his fixed-income supporters. Even though wage-cutting, as R. G. Hawtrey has pointed out from...
...respects, too. This week the steel industry completes the 90-day trial period stipulated by Steel's NRA code. Had they wished, the nation's steelmasters could have asked for a rehearing on their code, could have tried to get the Government to alter their wage, hour and marketing agreements...
...unequal division of slaves and the fact that some of the victors received none, forced free men into competition with slave labor, resulted in their eventual bankruptcy, led to their being hired by richer men, and so led finally to the division into capitalistic and wage-earning classes. A few of the poor free men being more ingenious than the rest, turned then talents to the manufacture of goods offered first for barter and later for sale. Here we have the beginning of the artisan class. At a later date the merchant class sprang up to facilitate the process...