Word: labored
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Dates: during 1980-1989
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...avoid annihilation, Big Steel had to slash its costs. "Our labor alone put us out of the ball game," says USX Chairman David Roderick. In 1980 the U.S. industry's workers made $17.46 an hour, vs. $9.63 for their Japanese counterparts. Big Steel embarked on a wholesale payroll-cutting campaign in which 60% of the industry's 428,000 workers lost their jobs. Those who remained gave generous pay concessions. Last year U.S. steelworkers earned $22.63 an hour -- equal to $15.48 in 1980 dollars -- vs. $18.52 in Japan...
Neil Kinnock, the Labor Party leader, pounced on the government, accusing the Tories of "putting cash before care" and "profits before patients." Labor health spokesman Robin Cook said the proposal would "put bureaucrats in the driving seat at the expense of doctors and patients," and denounced it as a "prescription for a health service run by accountants...
...more significantly, observers have said, Hope kept her ties to Washington's premier power couple, Sen. Robert Dole (R-Kan.) and Secretary of Labor Elizabeth Dole...
January's unexpected I percent rise in the Producer Price Index for finished goods was the biggest monthly increase since an identical surge in October 1985, and the Labor Department said it was equivalent to a 12.7 percent annual rate of inflation...
Private economists, skeptical about that rosy scenario, have been predicting slower growth this year and warned that the latest report from the Labor Department could lead the Fed to boost interest rates to restrain the economy and keep inflation in check...