Word: waged
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Dates: during 1960-1960
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Romney attaches altruistic motives to his second crusade. He says that he wants to show industry a way out of the wage-cost spiral that is pushing prices up, hurting the consumer and driving business out of the U.S. Ford and G.M., said Romney, have been moving production out of Michigan and even expanding abroad "rather than facing the problem and doing something about it." They will soon produce parts abroad for use in cars assembled here, he predicted. "It is a cold, calculated effort to become exempt from national boundaries. I hope our candle will help the others...
...Irishmen immigrate, mainly to the U.S. and Canada, to find work. Two years ago, the government put together an appealing package. To the foreign industrialist, it grants a ten-year tax exemption on export profits and offers to pay the full cost of training the workers (average wage: $29 for a 44-hr, week), plus 50% of the cost of the machinery and up to one-half of the cost of building a plant. In addition, it will pay the full cost of building plants in the underdeveloped western counties. To companies locating plants in the customs-free port...
...that, if he received a mandate at all, it was for moderation. He is even relieved by being free to shrug off Democratic extremist elements. The Kennedy Administration plans to present only five or six major pieces of legislation-all dealing with domestic matters and specifically including a minimum-wage increase and medical care for the aged-to the opening Congress...
...Guardia Anti-Injunction Act, then shifted from business-baiting ("the despotic power of those 'royal families' which control large industries") to business-boosting (as counsel to Ford Motor Co., Transamerica Corp.) and wound up a vehement opponent of labor-union "monopolies," social security, public housing, integration, minimum wage laws; of a heart attack; in Charlottesville...
...They rose to $81.50 weekly, up 50? from September. Because of the cost-of-living index's rise, nearly 1,100,000 workers in the auto and farm-equipment industries will get a 2?-an-hour cost-of-living hike and another 80,000 workers a 1? hourly wage increase...