Word: boost
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While such an exodus might prove satisfactory in the short run, the long term effects of deliberately causing the unemployment of 18,000 workers will probably increase pressure on Congress to boost the minimum wage. Such a bill is now before Congress, and a sudden dislocation of this area's economy, such as mill operators now threaten, will increase public pressure for its enactment. With a higher minimum wage, manufacturers will find that costs of producing in the South are no lower than New England operation...
...last five years, 6? an hour has been added to each worker's pay in cost-of-living raises. The union wants this added to regular base pay so that it will not be lost if the cost of living declines. It also wants the hourly wage boost based on improved productivity, plus increased pension payments and other benefits. The combined cost of all this, said the union, would be much less than it had won in some previous bargaining sessions, such as 1946. when it won 18½? plus some "fringe'' benefits. But Detroit automen estimated...
...boom in European travel this year will be the greatest ever. Last week transatlantic airlines and shiplines predicted that they will boost last year's record haul by 10%, carry abroad more than 600,000 Americans who will spend upwards of half a billion dollars...
STAND-BY CONTROLS for prices, wages and credit in case of war will get a presidential boost when Congress starts hearings on renewing the Defense Production Act next month. Both President Eisenhower and the Office of Defense Mobilization think the controls should be on the books for speedy action in case of a national emergency...
...Germans have snatched up a fat slice of the Swiss watchmakers' markets in Scandinavia, the Far East and the U.S., with prices as much as 20% lower. On top of that, Swiss watchmakers, whose exports to the U.S. were already dropping, were further hurt by the 50% boost in U.S. tariffs last summer (TIME, Aug. 9). Their exports to the U.S. market dropped from $68 million in 1953 to $51 million in 1954, and are still running down. As a result, price cuts within the industry and to foreign buyers have become so common that a special word...