Word: wsb
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Dates: during 1950-1959
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...ceiling for 1,000,000 U.S. autoworkers. It okayed a 4?-an-hour boost, for "increased productivity," in most C.I.O.-U.A.W. autoworkers' contracts. Coupled with the 3?-an-hour cost-of-living raise last month, average auto wages were now up to $1.93 an hour, 12% above WSB's January 1950 base period. WSB also ruled that the productivity increase could not be used by automakers as a wedge for higher auto prices. In Detroit, however, some automakers, e.g., Ford, Packard, were still totting up new cost figures to bolster their case for a price boost before Price...
Hardly had the autoworkers gotten theirs when the wage board pierced its ceiling again: it approved a 15% increase for more than 20,000 East Coast shipyard workers. At week's end, WSB seemed to be getting ready to junk the whole idea of a 10% raise limit, approve any existing escalator clauses, and instead control wages on a cost-of-living basis...
Baseball got its first orders last week from Washington's economic mobilizers. Digging out an old regulation of the Wage Stabilization Board, WSB lawyers decided that St. Louis Outfielder Stan Musial may not pocket the $35,000 wage boost (up from logo's $50,000) which would have made him the third-highest salaried player in the game,* the highest salaried in National League history. No one in baseball, the WSB explained, may get a salary higher than the highest paid by his club...
Wages, labor had insisted in the first place, should be allowed to go up 12%, not including fringe benefits. Public and industry members Of WSB held to their majority position that wages should be boosted only 10%, including fringe benefits. They balked, furthermore, at having a more lenient wage formula rammed down their throats by labor's determined show of power...
...WSB. Wage Stabilization Board. Wage controls. Chairman: Cyrus Ching...