Word: manhours
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Dates: during 1960-1960
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...industry reckons it, would increase labor costs by 2.7% a year, or about 30? an hour over three years (present steel wages average $3.10 an hour, plus fringe benefits). According to Labor Department figures, 2.7% has been just about the average yearly increase in steel-industry productivity (output per manhour) since World War II, hence would be noninflationary. In addition, industry wants to submit the work-practices dispute to a two-man panel-one member chosen by the industry, one by the union-with compulsory third-party arbitration if the panel fails to reach agreement...