Word: labor
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Dates: during 1960-1969
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...such plan calls for a participatory or cooperative price-wage system, Eckstein said, in which a three-cornered mediating board of management, labor, and government would settle disputes...
Taking the microphone during a question-and-answer period, Dr. Pauli Murray, professor of American Civilization at Brandeis, observed that the ghetto community could learn a lesson in organization from the American labor movement...
...council of economic "wise men," and four-year fiscal planning where none had existed before. Other Schiller ideas and slogans came in salvos. He junked the verbal Seelen-massagen (soul massages) that Erhard used to aim at German employers and unions. He substituted regular private sessions with business and labor at which he preaches "social symmetry," his way of describing wage and price restraint and equilibrium...
There are several reasons for the recovery. For all its drawbacks, Eshkol's policy of restraint has forced Israel's powerful labor unions to hold the wage line. In the months between the June war and the end of 1967, worldwide sales of Israel bonds and United Jewish Appeal contributions pumped some $550 million into the economy. Though those sources are thinning out-they are expected to yield only $230 million for all of 1968-such overseas friends as the Rothschilds and Sir Isaac Wolfson, the British retailing magnate, are currently spurring a drive for new investment capital...
Still, the labor market is so tight that inflation is a constant danger. Eying next year's elections, some left-wing groups are already pushing for a general 10% wage increase. Even so, the country displays a confidence that borders on cockiness. This month Sharef declared a 15% cut in tariffs, except for autos, and he has scheduled further reductions for January. By rather boldly opening its borders, Israel expects to fight inflation at home and at the same time test its industry against international competition...