Word: foremen
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Dates: during 1950-1959
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...Campus Center snack bar--which has served over 1000 people in a day and the tailor shop which did a $90,000 business last year. Men start off in an agency of their own choosing in freshman year, do "coolie jobs at hourly wages," then work themselves up to foremen, junior managers, and managers. The latter receive a flat sum of $75 a month in large agencies, $50 in the small ones. Surplus money made from the more profitable agencies goes into the scholarship fund. Ideas for new agencies are suggested by students...
...Campus Center snack bar--which has served over 1000 people in a day and the tailor shop which did a $90,000 business last year. Men start off in an agency of their own choosing in freshman year, do "coolie jobs at hourly wages," then work themselves up to foremen, junior managers, and managers. The latter receive a flat sum of $75 a month in large agencies, $50 in the small ones. Surplus money made from the more profitable agencies goes into the scholarship fund. Ideas for new agencies are suggested by students...
...President Charles M. White's belief that his workers' misconceptions about such matters as profits were a prime source of labor-management conflict. Last year he got the University of Chicago's Industrial Relations Center to make some questionnaire tests which verified his suspicions: of 650 foremen tested, 45 believed that $100 million is a billion, 26% believed that everyone gets the same Social Security pension when he reaches 65, 39% thought that "capital is not productive," 23½% believed that companies try to "hide profits" by boosting depreciation charges...
...some more of that company hooey." When they learned that they were getting easily understood facts-and a minimum of hooey-about matters which had long baffled them, their interest rose until men were betting on who would score highest in the tests. White quickly extended the lectures to foremen in 26 plants...
After the lectures, new tests showed that the number who believed that "capital is not productive" dropped from 39% to 13.4%, those who believed in "hidden profits" dropped from 23½% to 12%, only 3% still believed everyone got the same Social Security. On the tests, the foremen got better scores than management itself...