Word: nonfarm
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Corporate belt tightening, price increases and the continued buoyancy of the economy all helped to increase profits. Kemble Stokes, a Commerce Department senior economist, adds another, more intriguing reason. During the third quarter, the U.S. managed a jump in nonfarm productivity of 3.7% at an annual rate, compared with a first-quarter decline. The increase was startling because productivity has slipped badly in the U.S. since the mid-1960s, partly as a result of the flow of less skilled people into the labor force and the proliferation of costly government regulations. For the past five years America's rate...
...rate of inflation, which is expected to be about 8% this year. Moreover, they contend that then-productivity has risen 7.2% this year. What this argument ignores is that postal workers already average close to $16,000 a year, which is 50% more than the mean for all U.S. nonfarm workers...
MEMBERSHIP. The unionized portion of all nonfarm workers rocketed from 11.3% in 1933 to a high of 35.5% in 1945, held a bit below that through the next decade, then sank year after year to an estimated 23.8% in 1977. That was the lowest since 1937, and the figure probably has gone down further this year. Even in absolute numbers, union membership has changed only slightly through the 1970s. And much of the membership is concentrated in mass-production industries, where union jobs are threatened both by more efficient manufacturing techniques?it takes fewer workers every year to make...
...contract provided scheduled wage rises of about 10% over three years, 10% more in cost-of-living increases, and pushed the average pay of postal workers to a level of $7.58 an hour, vs. $5.62 for private nonfarm workers...
...have been in on them from the start. The unions demand a 14% increase in the first year of a two-year contract, well above the 5.5% that the Administration has recommended for federal employees. Postal workers already earn an average of $8 an hour, vs. $5.51 for private nonfarm workers, and they enjoy a "no layoff' clause that the Postal Service wants to modify but the union seems determined to preserve...