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The Skyland Post
West Jefferson, Ashe County, North Carolina
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In Chicago, representatives of U.S. shipyard workers agreed to forgo nearly half of $225 million in scheduled wage increases over the next year, as part of President Roosevelt's anti-inflation program. A new agreement for over 500,000 workers provides $125-150 million in raises to be invested in defense bonds and stamps.
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Chicago - Representatives of the nation's shipyard workers agreed to surrender nearly half the $225,000,000 in wage increases to which their contracts entitled them in the next 12 months as part of President Roosevelt's program to combat the inflationary rise in the cost of living.
A new wage stabilization agreement covering more than a half million workers granted wage increases totaling from $125,000,000 to $150,000,000 - the increase to be invested in defense bonds and stamps.
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Domestic News Details
Primary Location
Chicago
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Outcome
workers forgo nearly half of $225 million in wage increases; new agreement grants $125-150 million in raises invested in defense bonds and stamps.
Event Details
Representatives of the nation's shipyard workers agreed to surrender nearly half the $225,000,000 in wage increases to which their contracts entitled them in the next 12 months as part of President Roosevelt's program to combat the inflationary rise in the cost of living. A new wage stabilization agreement covering more than a half million workers granted wage increases totaling from $125,000,000 to $150,000,000 - the increase to be invested in defense bonds and stamps.