Word: bonus
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Dates: during 1940-1949
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...this took place because of an old Spanish custom brought up to date. For years, Venezuelan employers gave their workers a Christmas aguinaldo, an annual bonus, sometimes amounting to as much as two weeks' pay. In 1936, President Eleazar Lopez Contreras turned the aguinaldo principle into law. He decreed that employers must split 10% of their profits among their workers...
Succeeding governments have tinkered further with the law. As it stands now, at least 10% of net profits must be divided among employees according to their rate of pay. The bonus may not exceed two months' pay. Most prosperous employers consider one month's pay a minimum, and some even give more than two months' despite...
...having the force of law, is the unwritten custom that the bonus should be spent before New Year's. That gave the workers a fine sense of irresponsibility, permitted some businessmen to get back in trade more than they had paid in profit-sharing, and accounted for last week's fiesta...
...pliability sometimes leads him to weakness. Recently, the Socialists introduced a bill in the Bundestag providing cash Christmas gifts for refugees. A Christian Democrat spokesman pointed out that this was a purely political bill designed to win votes, and that the government had no money to spare for the bonus proposal. But when the Socialists forced an open roll-call vote and Adenauer's name was called as the first on the alphabetical list, the Chancellor did not dare oppose the bill. He rose and weakly voted "/a." The other Christian Democrat deputies followed suit...
...Brannan plan," said the Grange, "has totally undesirable political implications . . . That party which would promise farmers the largest bonus out of the Treasury would garner many votes not obtainable on ... an honest, sound platform. It would then become a race to see which party would promise most...