Word: waging
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Dates: during 1930-1939
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First the railroads asked for a 15% freight-rate rise. ICC said 5.3% was enough. Then they asked for a 15% wage cut. Franklin Roosevelt's Railway Fact-Finding Board said No. This left the railroads, stretched between the engine of rising costs and the caboose of lagging traffic, with no recourse but legislative aid. So Mr. Roosevelt asked three railroad officials and three railroad labor officers to prepare proposals for Congress...
...talking tour from Manhattan to Seattle and back, Wage & Hour Administrator Elmer Frank Andrews found businessmen worrying most about overtime pay for their higher salaried employes. Back in Washington last week, Elmer Andrews gave employers hope that they may soon be relieved of this wage-hour problem. Off-hand in press conference he indicated that he would accept an amendment to the law, perhaps a plan to remove restrictions on the hours of employes who get over $150 a month, have guaranteed annual vacations and other privileges, yet are not now exempt as executives or professionals. Whether his own legal...
Little Jim Carey's big United Electrical, Radio & Machine Workers of America last week ended a wage dispute by taking part of the chance on prosperity that every employer has to take. Other party to this extraordinary labor deal was Mergenthaler Linotype Co., which makes typesetting machines for printers the world over...
Since November 1937, the union has had a contract with Mergenthaler's Brooklyn plant. Last month it called a strike to resist a 10% wage cut for 1,600 employes...
...compromise Mergenthaler's President Joseph T. Mackey proposed to put 10% (about $200,000) of his annual wage bill in escrow, the sum to revert to the company if it lost money next year, to go to the workers if a profit was earned. When young Mr. Carey's young deputy, William Mitchell, turned this down, New York labor mediators suggested that Mergenthaler continue to pay 95% of present wages, put 5% in escrow until September 1939. To this Messrs. Mackey and Mitchell last week consented. At fiscal year's end, an impartial arbitrator will go over...