Word: labor
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Dates: during 1960-1969
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Defending the Bastions. By the time Wilson took his turn to speak, delegates were thirsting for uplift. As the Labor vote shrank in one by-election after another, men and women with lifetimes of service lost their posts as local officials on town councils and school boards. Moreover, to many fervent socialists, Wilson's economic policies have added up to a betrayal of their lifelong principles. And yet, as head of the party, he was still the only man to whom they could turn for inspiration...
...party's rank-and-file faithful. "This has been a rough year for all of us in this movement," he began. Then, without growing defensive about his economic policies, he proceeded to reel off streams of statistics designed to make his listeners feel proud of Labor's accomplishments. Identifying their problems with his own, Wilson observed that "we have gone through a great deal together in defense of everything we stand for." Finally, as London's Times observed, "hamming it unmercifully, but hamming it like an old trouper," he ended on a rousing burst of old-fashioned...
...economy poses a complex challenge: how to combine prosperity with price stability. Many economists insist that an unwelcome degree of inflation is almost inevitable in times of minuscule unemployment. Humphrey says that he is "determined" to keep unemployment low and prices stable, partly through "timely fiscal action" and better labor productivity. Nixon also insists that the goal can be reached, but he places more reliance on getting there by shrinking the federal deficit...
Forceful Bargaining. Much of the surge in prices is attributable to soaring wages, which companies have decided to let the customers pay for. President Johnson tried, without success, to hold organized labor's annual contract increases to 3.2%. This year, the raises are more on the order...
While higher labor costs are inevitably passed along to the consumer in the goods that he buys, the cost of services is even worse. House repairs cost 6.6% more than last year. Auto repairs are 5.3% more expensive, and the 350 shoeshine is a new phenomenon...