Word: wsb
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Dates: during 1950-1959
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...government cannot make an injunction stick anyway. What is needed, then, is some agency which, with the ability of a Solomon to gain everybody's confidence, can ensure settlements without any breaks in production. No one has yet been able to think up a more adequate solution than the WSB...
Labor, though relatively pliant at first, stiffened the instant that the WSB made its recommendations. Having caught the Board in one of its weaker moments, the Steelworkers refused to give up their gains, even during the last minute negotiations when management was anxious to compromise...
Letting 'Em Have It. As the President told the story, the recommendation of the Wage Stabilization Board was entirely "fair and reasonable." The steelworkers had accepted the WSB proposal. The companies had not. Why? Because they want "to force the Government to give them a big boost in prices...
...when the President came back to Washington, wrote Wilson, "you changed the plan we agreed upon," approving the WSB wage package but frowning on the idea of a compensating price increase for industry. Said Wilson: "This violates my sense of justice and disregards the principles of equity on which I understood our whole control program was based...
...steelworkers' Phil Murray and industry negotiators manage to reach an agreement. During the week, both Charlie Wilson and Harry Truman helped to upset the labor-management negotiations just when-they began to show promise. Wilson, returning from Key West, infuriated Phil Murray by blurting that the proposed WSB package was "a serious threat in our year-old effort to stabilize the economy." Then Wilson telephoned the steelmakers to promise them that the President had agreed to a raise in steel prices if the wage settlement required...