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Fringe benefits drive rising role in labor talks
New York AP reports fringe benefits now dominate wage negotiations as they grow faster than straight pay. US wages rose from 1.24 in 1947 to 2.22 by 1958, with fringe costs reaching about 4 cents per hour in US manufacturing, and up to 25 percent of hourly wages in some industries. Global comparisons show Europe matching or exceeding US fringe levels in several nations.
MENTIONED IN THIS ARTICLE
New York
United States
Italy
Bureau of Labor Statistics
Bismarck
First National City Bank of New York
Britain
Sweden
Switzerland