Quote

Now, wages in the automobile industry are made up of two components, what we call base rates and the cost of living factor which is fed in by the operation of the escalator.

Leonard Woodcock

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Leonard Woodcock
Age: 89 †
Born: 1911
Born: February 15
Died: 2001
Died: January 16
Diplomat
Trade Unionist
Providence
Rhode Island
Leonard Freel Woodcock
Two
Base
Escalators
Made
Operations
Automobile
Factors
Rates
Rate
Components
Cost
Operation
Industry
Feds
Call
Factor
Living
Wages
Escalator

More quotes by Leonard Woodcock

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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.
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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.
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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.
Leonard Woodcock