Word: higher
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Dates: during 1970-1979
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...improve the lot of old people and the poor, or to clean up pollution, can and do make inflation worse. When the Government increases Social Security taxes and the minimum wage, and pours on more and more federal regulations, it imposes extra costs that business passes along in higher prices. Finally, inflation seems to have become self-perpetuating. One example: uncertainty about whether a new factory will repay the costs of building it causes business to hold back on investment in new plant and equipment. The lack of investment reduces potential production and output per man-hour, pushing prices...
...high executives waive their pay raises for a year in the crusade against inflation. Corporate chiefs can argue that they too have been squeezed. According to Arthur Young & Co., accountants, salaries of chairmen, presidents and chief financial officers rose an average of 46.9% from 1970 through 1976, a jot higher than the consumer price index climb of 46.6%. In fact, these executives did not keep up with inflation because they were pushed into higher tax brackets, and much of their raises was taxed away. Last year they did somewhat better. A sampling of proxy statements of 50 major companies shows...
...program funds-now totals an impressive $15 billion a year. Yet more and more educators, administrators and trustees are biting the hand that feeds them. Their complaints range from excessive paperwork to inflexible regulations. But the one that is voiced most emphatically concerns Washington's growing influence over higher education. Says Robert Durkee of the Association of American Universities: "We may be nearing a point where the Government will be making decisions that universities should be making...
Educators argue that the Government gives with one hand and takes with the other. Judging from the figures in one recent study by the American Council on Education, it costs higher education some $2 billion a year to carry out such federally mandated programs as affirmative action and regulations issued by agencies like OSHA (Occupational Safety and Health Administration). And there are incidental expenses. A single affirmative-action study at Berkeley, for example, generated 50,000 computer calculations. Complains Clark Kerr, former president of the University of California system and now Chairman of the Carnegie Council Policy Studies in Higher...
...problem is particularly acute for research universities, where two-thirds of all scientific research is carried on with the support of the Government. According to the Cambridge-based Sloan Commission on Government and Higher Education, the "harmonious relationship" between the Government and the universities that flourished during World War II has deteriorated into "an atmosphere of friction and confrontation...