Word: laboration
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Dates: during 1970-1979
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...Excessive Government regulations that have forced companies to spend cash not on new labor-saving and productive machines but on costly antipollution, safety and health equipment. Coal mining has been particularly hurt. Says Tom Duncan, head of the Kentucky Coal Association, a group of mine operators: "The man mining the coal is probably more productive than ever before, but now you've got one man carrying away possibly explosive coal dust, one or two men bolting roofs, one doing this thing and one doing that." In Kentucky, for example, productivity has dropped from 23.6 tons of coal mined...
...down President Carter's threat to withhold Government contracts from firms that breached his wage-price guidelines. The loss of the procurement sanction undercuts management's ability to resist granting powerful unions, already contemptuous of the guidelines, fat pay raises. A rash of big settlements for organized labor could also pull up wages for many nonunion workers, who are close to 60% of the work force, and put an even faster spin on the price spiral...
Rich settlements for Big Labor can only widen the pay gap between its members, who have been gaining increases of 8½% to 9% so far this year, and nonunion workers, who have been getting wage-and-benefit increases averaging 7½%. Says Economist Audrey Freedman of the Conference Board, a private research group: "Managers who want to hold on to their best people are getting very uncomfortable with the disparity in pay between union and nonunion workers." Adds Economist Robert Nathan, a Washington consultant who has close ties to labor: "If unions' increases continue to be large...
Control and practicality are Schmidt's watchwords. Sixteen-hour days of budgeted, systematic labor are normal for him, and he often brings home stacks of buff-colored dossiers to read until two or three in the morning. Even so, Schmidt is what Germans call a "Morgenmuffel," one who hates to get up in the morning. At the London economic summit in 1977, not suspecting that it might further damage their jersonal rapport, Carter invited him to a 7 a.m. breakfast; Schmidt was appalled...
...support the legislation echo Ylvisaker's call for increased coordination and coherence in educational policy. Elizabeth Abramowitz, the White House's chief lobbyist for the proposal, says educational decision-makers are buried in bureaucracy. "It may sound trivial on the face of it," Abramowitz explains, "but the Secretary of Labor, for example, may never consult with the Commissioner of Education because he (the Commissioner) is five levels below...