Word: waging
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Dates: during 1930-1930
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Most U. S. correspondents drew a red Communist herring across the issue. But actual causes of the strike seemed to be: 1) demand of a 1?-per-hour wage increase by workers; 2) the refusal of workers to divide with their employers the burden of workers' insurance, obligatory since July 1. The employers refused to arbitrate, largely because reluctant to reopen their plants while business depression continues...
Richard S. Shainwald, president of Paraffine Companies, Inc.: "The Paraffine Companies, Inc. has made no reductions in personnel . . . nor has it made any wage cuts . . . believes such reductions can be and should be avoided...
...bearish argument have been recent wagecuts by such large companies as Chrysler Corp. and National Cash Register Co. (10% each last month). Last week Roy Dickinson, alert associate editor of Printers' Ink (22,645 circulation, advertising trade weekly) telegraphed a list of tycoons to learn what future wage reductions may be in store. Some of the replies which he received...
Charles Ruffin Hook, vice president of American Rolling Mill Co.: "Wage reductions would, in our opinion, retard and not stimulate business...
Herbert V. Kohler, vice president of Kohler Co. (plumbing): "Kohler Co. is maintaining its organization and its wage scale...