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agreed wage

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  • Wage Stabilization Board — (WSB)    Established in 1950, the WSB was a board of 18 officials representing public, labor, and management equally with the authority to control wages to limit inflation during the Korean War. However, the labor members resigned after the board …   Historical Dictionary of the Roosevelt–Truman Era

  • Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

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  • 1952 steel strike — on essentially the same terms the union had proposed four months earlier. [Marcus, Truman and the Steel Seizure Case: The Limits of Presidential Power, 1977, p. 253.] Wage control policy during the Korean WarOn February 9, 1950, Senator Joseph… …   Wikipedia

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