Word: boosted
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When a businessman demands that labor get more pay for less work, that's news. Last week, a big businessman made such news by telling Congress: the U.S. should boost the legal minimum wage from 40?-an-hour to a minimum...
...race to reconvert, short, balding Nash Russ, president of Taylorcraft Aviation Corp., had delivered his first civilian plane just two weeks after V-J day. Taylorcraft's Alliance, Ohio plant is now turning out 15 a day of its single model, the Twosome ($2,295), hopes to boost production to 50 a day by year's end. By then, Mr. Russ also hopes to be in production of a new model, a four-place, 127-m.p.h. plane. Price...
...planes, more than five times as many as in their best (1939) prewar year. Nor were they worried about surplus Army planes. Most of the flyable small planes have already been snapped up, with no lessening of demand. At week's end, the industry got one more boost. The Lea bill, which would provide federal funds to help build more than 3,000 airports (see NATIONAL AFFAIRS), was passed by the House...
Packard's problems are just as serious. Packard's basic wage scale, said Christopher, has increased 12% since 1942; overall production costs are up 17%. So, said he, if OPA holds firm on prices, and labor insists on a 30% wage boost, the auto industry faces shutdown or bankruptcy...
...outmaneuvered the automakers by drawing consumers into the wage fight. Automakers have little time left to prove their case to everyone's satisfaction. Like Ford, they cannot wait too long, now that production has started. Like Ford, they may all have to sell at 1942prices-and collect any boost later. That might not prove popular with customers...