Word: cea
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Dates: during 1970-1979
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...there is growing doubt that the President's present economic team, led by Shultz, CEA Chairman Herbert Stein and COLC Director John Dunlop, can deal effectively with the difficult problems ahead. Says Economist Pierre Rinfret, a Republican and an influential adviser to Nixon: "Shultz and Stein are incompetent. They are a disaster. All they have demonstrated is the ability to lurch from one short-term solution to another." The assessment is overly harsh, but it does reflect a wide frustration inside and outside the Administration with repeated failures to bring the economy into line. Phase IV could well...
...year, the Council of Economic Advisers, in its annual report, presented damaging evidence that women are a long way from job equality with men. The report noted that a woman's pay averages only two-thirds of a man's wages in equivalent job categories, but the CEA was unable to say how much of the discrepancy was due to outright discrimination. Last week CEA Chairman Herbert Stein revealed that recent studies show women get 10% to 20% less pay simply because they are women. With that, Economist Paul Samuelson advised women to exert more pressure, and suggested...
Since food prices accounted for about two-thirds of the jump in consumer costs, many of the President's critics favored putting a freeze on farm-commodity prices-and even some of his advisers declined to rule out that idea. Former CEA Chairman Walter Heller, a member of TIME'S Board of Economists and until now a firm opponent of farm controls, for the first time reluctantly concludes that such a freeze may become necessary. "It's economically distasteful, but may be needed to block a new price-wage spiral," he says. Many economists still fear, however...
...college faculties, about the same proportion as 40 years earlier. Some 6.3% of managers of manufacturing firms were women, slightly fewer than 20 years ago, and the percentage of women dentists, 3.5%, is little higher now than in 1910. The only professional category in which the CEA found a steady and large increase is editors and reporters. In 1970 women made up 41% of that category, v. 25% in 1940. With much reason, even this figure is questioned by newswomen, and the CEA has no separate breakdown of the number of editors...
...CEA was also unable to say how much of the inequality is caused by discrimination and how much is due to the cultural role traditionally assigned to women. It leans toward the latter reason by stressing that few women can match the intense, continuous and lifelong dedication to a career typical of men. Many women temporarily drop out of the labor force because of pregnancy, child rearing and other home responsibilities. Even a woman who devotes herself continuously to a job' faces drawbacks. "A wife seldom is free to migrate to wherever her own prospects are best," says...