Word: demand
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
These concessions were cordially received by Congress, but another compromise provoked an uproar. In an effort to win approval of the Energy Mobilization Board, which will speed up energy production by cutting red tape, Carter abandoned a demand that the board be empowered to override federal and state law. Unfortunately, the House Commerce Committee had not been informed by Carter operatives and had approved a bill with these powers intact. When Committee Member John Dingell learned of Carter's switch, he acidly remarked: "The Administration has the capacity to surprise its friends and please its enemies...
Another important union demand was that the company increase the number of paid personal holidays so that more workers would be kept on the job. The company agreed to increase paid days off (not counting vacation) from 12 to 26 during the life of the contract. Pending ratification, neither side would discuss the noneconomic improvements or the size of the increases in the cost-of-living clause and pay rates. One unofficial estimate put the wage increase at between 9% and 12%. At present the combined basic wage rate for all classes of GM workers is $9 an hour...
Although this is sharply lower than Mexico's original demand of $4.95, the new agreement provides for future quarterly price hikes, according to an index that ties gas to the price of fuel...
...incentives to work. Excessive business and personal taxation are the depressants which produce these unfortunate results. In its extreme Kemp-Roth form, the damage to capital formation and work effort by the tax system is said to be so great that massive tax relief would create more supply than demand and lower inflation. This is indeed a counter-Keynesian conclusion since it associates a huge increase in fiscal stimulus with a reduction in inflation. The challenge to this school of supply economics is to show empirically that the supply response created by a massive tax cut would be greater than...
Over the next year or two, the recession will shift attention back on demand. When will real disposable income turn up to reverse the shrinkage in the circular flow of production, income and spending? When will spending attitudes improve to give a little extra boost to retail sales? But this period of demand dominance will be short-lived. If growth were to return to the normal 3 to 4 per cent range, the economy would be running out of energy supplies and industrial capacity as early as 1982 and the stage would be set for another supply-induced recession...