Word: boost
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...wage raise would necessitate a price rise. It showed that since 1951 the industry's wage-and-benefit costs per ton of steel have gone up from $32 to $44, while its price per ton has gone from $125 to $173-a $48 price rise, v. a $12 boost in employment costs...
...productivity from 1947 to 1957 rose only 3% a year, v. 3.1% for all manufacturing. That was an unspectacular performance, both by steel workers whose wages have been rising by an average 6.4% a year, and by steel management, which claims that it is spending so much to boost its efficiency ($1 billion a year) that it cannot afford a modest wage hike or price...
...railroads and coal mining-and 75,000 of them have applied for unemployment aid. But there is not yet any shortage of steel for defense plants, and none looms in the near future. Foreign steelmakers were supplying part of the demand, used the situation to boost their prices-normally $30 to $40 per ton below U.S. mill prices-to the U.S. level or higher...
Through the House Ways & Means Committee last week rode a bill to save the nation's $41 billion, 41,000-mile highway-building program from skidding to a halt. The committee, which ten times has vowed never to boost the federal gasoline tax, changed its mind; it approved a 1? hike to 4? a gallon, effective for 22 months from Sept. 1 to June 30, 1961. The lopsided vote (16 to 9) marked a partial victory for the Administration; it has championed a fiveyear, 1½? boost, bucked a congressional bond-floating plan that would have added huge interest...
...miles of interstate roads finished so far, highway funds have run so low that contract awards or advertising for bids have been stopped by 24 states from Maine to Washington, including New York, Ohio, Missouri, California. These states pressured Congress to bow to the President's proposed tax boost, in the face of the oil industry that lobbied hard against it. The penny tax will raise about $960 million. After it expires in mid-1961, the compromise bill would earmark $2,445 billion from present taxes on autos and parts to the highway program from fiscal 1962 through...