Word: waging
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Dates: during 1930-1939
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...housing boom and Franklin Roosevelt wants one to help get him out of his Recession. Avowed friend of Labor though he is, he was bound to admit that one factor in deterring home building is the high labor cost, and if the laborer would take a lower daily wage he would get a higher annual wage...
...Senate to pass its first real piece of business this session-a bill to amend the 1934 Housing Act. Mortgages were to be guaranteed up to 90%, interest was reduced to 5% and building of multiple dwellings for investment was encouraged. Pointedly omitted was the specification that prevailing local wages must be paid on the jobs. Pointedly, handsome young Senator Henry Cabot Lodge-another great friend of Labor-had proposed it, but in the end the Senate adopted (42-40) the amendment without the prevailing wage clause...
...power can be permanently maintained in the absence of government spending only when prices are within the people's ability to buy. When the United States Steel Corporation gave its workers a pay rise and then raised the price of steel by more than enough to cover the rising wage bill, Ben Fairless's giant paved the way for an ultimate reduction in the number of customers for steel products...
...There may be a special hourly wage situation in some building trades in some localities which so far as the total yearly earnings are concerned may call for different treatment, but even there our primary purpose is to increase and not decrease the total of the annual pay of the workers...
...dear John." Franklin Roosevelt announced that he was in favor of price reductions, opposed to wage reductions (see p. 7). John Lewis addressing his miners went further, opposed both kinds of reductions, fearing that one would lead to the other. Said he: "All we need now in this country to encompass and insure a complete and most devastating economic, social and political debacle is to reduce the prices of commodities and reduce the wage structure. . . . How many years did we try that policy during the Administration of former President Hoover?" At the word "Hoover"' the delegates sent...