Word: lags
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Dates: during 1970-1979
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Even today, many U.S. workers lag behind their European counterparts in vacation time. In West Germany, for ex ample, blue-collar workers get 31 weeks off, white-collar workers a month; some government employees are entitled to as much as six weeks of holiday time. The prime force in lengthening West German vacations has been the unions, which have given vacations equal priority with wages, pensions and fringe benefits...
Through the decade of urban riots, civil rights marches and the Great Society, the material lot of America's blacks improved substantially. Yet, in nearly every category measured in a new report by the Census Bureau and the Bureau of Labor Statistics, blacks still lag far behind the white population...
...least part of the lag is the natural result of recession, and productivity usually spurts when the economy bounces back. Indeed, along with the economy, productivity has been recovering this year. It rose at an annual rate of 6.8% in the first quarter; second-quarter gains are expected to be lower but still healthy. Even so, many economists and some of President Nixon's advisers believe that productivity should be rising faster during an economic recovery period. "The recent-year figures are only partly cyclical," says Leon Greenberg, staff director of a presidential commission appointed to study the question...
...CAPITAL LAG. Once the world's most modern industrial nation, the U.S. has lost that distinction-at least in such industries as steel and shipbuilding-to countries that had to rebuild almost totally after World War II. Moreover, the rate of increase in U.S. industry's investment in research and development is at least being matched by competitors, especially Japan...
...made those machines and their successors the runaway leaders in a market that grew from infancy to a $9 billion industry over the next two decades. IBM's new boss will need all of his legendary energy to keep the company on a highly profitable course. The business lag has cut so deeply into U.S. computer investment that nearly all of IBM's 9% sales growth in the past two years (to $7.5 billion in 1970) has come from abroad. Antitrust pressures forced the company a year ago to break up into separate chunks its hardware-plus-services...