Word: norms
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...question is to what extent unemployment figures chart real economic distress. They do not do this well at present, in large part because families in which both spouses work are now the norm rather than the exception; if one loses his or her job, the family can still get along. The commission wants to devise a "hardship index" that would count many employed people who labor at low-wage jobs and exclude the unemployed whose families still have sizable incomes...
...collapse of the national 40-hour norm gives other unions a target to follow. Said a spokesman for the Federation of Unions: "A beginning has been made. From now on reduced hours will be a standard demand." That could mean trouble for Europe's strongest economy and the end of the social contract that had produced a quarter century of industrial peace. German labor may be catching the British disease...
...Norm Van Lier...
...golden rule: Practice is the only norm for verifying truth...
...worst dragging real G.N.P. down at an annual rate of only 1% to 2%. All this will dent inflation-but only a bit. To ensure that inflation will continue to decline even after the recession ends, economic growth will have to be held below the old 4% norm for some years to come...