Word: spiraling
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Dates: during 1950-1959
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Smithies approaches the issue of the settlement in terms of its effect on the inflationary wage-price spiral. The toughened industry stand this year, he suggests, is due to their fear that the "pattern of periodic wage increases" will price them out of both the domestic and foreign markets. It is "terribly important to stop the wage-price spiral at this juncture," he said, by settling without a price increase. Chamberlin agreed that "the real issue of inflation is the reaction on other wages. Whether the price of steel will have to go up is "only a small part...
...Realities. The new line in steel is based on what Blough deeply believes are the changing realities in the U.S. steel industry and the whole U.S. economy. One of these is the great danger of a never ending inflationary spiral from continuous boosts in wages and steel prices. But more important to the steel industry itself is the threat, for the first time in this century, of serious competition from abroad...
...Scrolls, a Fountain. Coming to the U.S. from his native Vienna in 1926, Kiesler took up teaching at Columbia in the 1930s, amazed his students with suggestions that they develop spiral buildings, semicircular projection screens, "floating cities" wrapped in cocoonlike weather protectors, and "horizontal skyscrapers" suspended like bridges. In the 1940s he built great open sculptures and clusters of pictures "to relax inside" and designed striking stage sets for No exit and The Magic Flute...
WASHINGTON, May 5--President Eisenhower cautioned the steel industry and its workers today that "the United States cannot stand still and do nothing" if they push wages and prices upward in an inflationary spiral...
...payrolls, even though only half as many men may actually be needed to tend the new equipment. Union "make-work" practices such as "bogus"-the needless resetting of ads originally received in mat or plate form-waste millions of dollars a year. And labor costs have maintained a consistent spiral: in New York a Linotypist's wage has climbed from $77.70 in 1945 to $128 a week-and the International Typographical Union is currently demanding $30 a week more...