Word: settlements
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...cities and seven states some 16,000 workers trooped back into the Libbey-Owens and Pittsburgh Plate Glass plants, ended a strike which had tied up an estimated 75% of the nation's flat glass production since Oct. 22. The basis of settlement: a 10.7? an hour pay increase retroactive to Oct. 2: a contract guaranteeing new wage talks on 20 days' notice by the union...
...most pungent words came from tousled William H. Davis, who was first chairman of the old War Labor Board. Said he: ". . . Settlement of labor disputes by Government fiat is destructive of all the creative values of collective bargaining. ... I cannot impress [on you] too earnestly . . . the absolute necessity to realize that we must now return to self-government. This is far more important than any immediate crisis that seems to confront...
...terms of the settlement, when it came, would not be satisfactory to such labor ideologists as Walter Reuther. Leading C.I.O.'s fight in the auto industry, Reuther wanted higher wages without higher prices. But Murray, while he had argued that the steel industry could give him his raise without upping prices, had also said: "At the moment prices are none of my damn business...
...strikes had been bound to come; the only question was who would lead them and who would lay the pattern for settlement. After nearly four years of the wartime no-strike pledge, union officialdom was itching to show its mettle, and prove its worth to its constituents...
Although in other cases manufacturers might be squeezed between mounting wages and price ceilings, this settlement highlighted the fact that in the long run and as a general rule a sharp wage increase still means a sharp price increase...