Word: hike
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...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...
Management insists on greater control over such working conditions, which it claims nurture featherbedding, and it refuses to grant a penny in wage hikes unless it can increase efficiency by changing work practices as it sees fit. Otherwise, say the steel companies, any wage hike would be inflationary. Union Boss David McDonald charges that any changes would have the effect of "reducing the employees to mill slaves and the union to an ineffective puppet." He has even more personal reasons for standing firm: rank-and-file union members are deeply aroused over the threat to local working practices, and they...
...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 charges, increased...
...Full. Even more impressive for the balance sheet is TWA's jet load factor of 92%, which helped hike the line's domestic-revenue passenger miles 5.7% over July 1958. While total revenues rose from $280 million to $307 million for the year ended June 30, operating expenses have stayed level because of the reorganization of the line and staff cuts started by Thomas' predecessor, Carter Burgess, and continued by Thomas...
...last days before the strike, management explained that payroll clerks were also on strike. Other strikers lined up to collect up to a fortnight's back pay. But every week, workers lost more than $50 million in wages. Even if they win a 10? hourly wage hike, it will take them close to six months to make up for one week's lost wage...