Guaranteed Annual Wage

January 21, 1953

Report Outline
Trade Union Demands for Wage Guarantees
Operation of Guaranteed Wage Plans
Annual Wage and Employment Stabilization

Trade Union Demands for Wage Guarantees

The Guaranteed Annual Wage is coming to the fore as a leading demand of labor organizations in the mass production industries for the period immediately ahead. New long-term contracts negotiated in this period would carry over into the expected period of slackening economic activity and rising unemployment when defense production levels off. The main battles will be fought by C.I.O. unions in the heavy industries which are most severely affected by downturns of the business cycle, and where, even in the most prosperous times, workers' regular periods of employment are punctuated by intermittent layoffs.

The C.I.O. has announced plans to press for guaranteed annual wage provisions in contracts covering all men and women in its industrial unions whose incomes are now determined by the number of hours they work. Big industry has resisted pressure for the annual wage in the past and is not likely to accept it in the future without a struggle.

Pressure for Annual Wage in New Contracts

Elevation of Walter Reuther to the presidency of the C.I.O. has given strong impetus to the movement for wage guarantees; assurance of steady income has long been a leading plank in his program of action for workers' security. Reuther regards the guaranteed annual wage as the natural successor as a union target to seniority protection, overtime and vacation pay, night-shift premiums, call-in and holiday pay, old-age pensions, hospital-medical care, and cost-of-living wage rate adjustments.

ISSUE TRACKER for Related Reports
Cost of Living and Wages
Apr. 17, 2020  Inequality in America
Sep. 08, 2017  Universal Basic Income
Apr. 08, 2016  Future of the Middle Class
Apr. 18, 2014  Wealth and Inequality
Jan. 24, 2014  Minimum Wage
Jun. 19, 2009  Rethinking Retirement
Mar. 06, 2009  Middle-Class Squeeze
Mar. 14, 2008  Gender Pay Gap
Dec. 16, 2005  Minimum Wage
Sep. 27, 2002  Living-Wage Movement
Apr. 17, 1998  Income Inequality
Oct. 27, 1978  Wage-Price Controls
Jun. 16, 1978  Military Pay and Benefits
Mar. 23, 1966  Rising Cost of Living
Oct. 25, 1961  Price-Wage Restraints in National Emergencies
Jun. 21, 1961  Wage Policy in Recovery
Jun. 11, 1958  Prices and Wages in the Recession
Sep. 18, 1957  Control of Living Costs
Nov. 02, 1955  Wages, Prices, Profits
Jan. 26, 1954  Minimum Wage Raise
Jan. 02, 1954  Cost of Living
Jan. 21, 1953  Guaranteed Annual Wage
Dec. 17, 1952  Future of Price and Wage Controls
Nov. 19, 1951  Fringe Benefits and Wage Stabilization
Dec. 06, 1950  Wage Control
Jun. 13, 1949  Wages in Deflation
Jun. 04, 1947  Guarantees of Wages and Employment
Oct. 29, 1946  Decontrol of Wages
Dec. 01, 1945  Minimum Wages
Sep. 29, 1945  Wage Policy
Oct. 27, 1944  Wage Security
May 17, 1943  Incentive Wage Payments
Aug. 25, 1941  Prices, Profits, and Wage Control
Apr. 28, 1941  Wartime Changes in the Cost of Living
Sep. 21, 1940  Two Years of the Wage-Hour Law
Nov. 01, 1938  Industry and Labor Under the Wage-Hour Act
Jan. 20, 1938  Wage Rates and Workers' Incomes
Apr. 11, 1935  The Cost of Living in the United States
Sep. 01, 1930  Wages and the Cost of Living
May 24, 1930  The Anthracite Wage Agreement
Feb. 20, 1925  Measure of Recovery in Profits and Wages Since 1920–21 Depression
Unions and Labor-Management Relations