And so we said to General Motors that the solution had to be a first year increase, which had to be sizeable because we bad to catch up with the lost position as against the cost of living and we had to make some progress.
More Quotes from Leonard Woodcock:
When we came then to the 1967 negotiations we had the problem of one market between two countries fully under the control of the American companies that owned the facilities on both sides of the border.Leonard Woodcock
Wholesale prices, on the other hand, began a slow rise in the early months of 1965, which were sharply accelerated in the summer and fall of 1965.
Leonard Woodcock
When the settlement was made to pay the same wage rates in 1967, it provided for base rate parity, but not cost of living parity.
Leonard Woodcock
Well, first of all the Dominion Bureau of Statistics made a survey in the spring of 1970, which showed that on balance the difference in the cost of living between Canadian cities and American cities was 5 % to the advantage, of course, to the Canadian cities.
Leonard Woodcock
I might say that when the settlement was made the Nixon administration issued what they called a second inflation alert in which the General Motors settlement was branded as being inflationary and bad for the country.
Leonard Woodcock
Readers Who Like This Quotation Also Like:
Based on Topics: Progress QuotesBased on Keywords: motors, sizeable
When everything is coming your way, you're probably in the wrong lane.
Tom Snyder
Every day is a new opportunity. You can build on yesterday's success or put its failures behind and start over again. That's the way life is, with a new game every day, and that's the way baseball is.
Bob Feller
The purpose is clear. It is safety with solvency. The country is entitled to both.
Dwight D. Eisenhower