Word: waging
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Dates: during 1940-1949
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...news of the week was that a steel strike had been postponed-if not averted entirely. For an economy which could stand no rocking of the boat, the bigger news was that the President's three-man fact-finding committee had come out decisively against a fourth-round wage increase...
...Steelworkers were doing all right compared with other factory workers; since 1939 and 1941, their wage increases had been above the average...
Over & beyond all that was the matter of the national welfare. "A wage increase in steel," the fact-finders reasoned, "would be urged as a pattern to be followed in other industries; this in turn might well cause price dislocations . . . interruptions to production might ensue." Steel workers themselves "would run the risk of losing more than they had gained." Said the board: "In general, it seems desirable at this time to stabilize the level of wage rates . . . the union [should] withdraw its request for a general increase in rates...
...while turning down Murray's demands for a 12½?-an-hour wage hike, the board also took dead aim on the steelmakers. Their modernization program, when complete, should result in higher profits. If these profits were not passed along to the consumer "in the form of lower prices," said the board, then labor would be justified in trying again for higher wages...
...reach the $300 billion level, said Wilson, the labor unions, which had already achieved "monopolistic" power to "dominate and control the economy," would have to exercise statesmanship. "If the unions strive only to outdo one another in their demands, and Government-by-edict enforces an endless series of wage increases without regard to industry's costs, it will lead, inevitably, to nationalization of industry...